2022
Exports
$22.4MWorld Rnk 23 / 182
Flag Rnk 401 / 1206
2022
PRODUCT COMPLEXITY IN Cutting Blades
1.38Rnk 76 / 1025
2022
Imports
$35.2MWorld Rnk 30 / 219
Flag Rnk 442 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $22.4M in Cutting Blades, making it the 23rd largest exporter of Cutting Blades in the world. At the same year, Cutting Blades was the 401st most exported product in Hungary. The main destination of Cutting Blades exports from Hungary are: Germany ($17M), Romania ($1.27M), Spain ($380k), United States ($363k), and Czechia ($315k).

The fastest growing export markets for Cutting Blades of Hungary between 2021 and 2022 were Germany ($5.43M), Spain ($370k), and United States ($294k).

Imports In 2022, Hungary imported $35.2M in Cutting Blades, becoming the 30th largest importer of Cutting Blades in the world. At the same year, Cutting Blades was the 442nd most imported product in Hungary. Hungary imports Cutting Blades primarily from: Germany ($11.9M), Switzerland ($4.88M), South Korea ($4.16M), Czechia ($2.57M), and Austria ($2.27M).

The fastest growing import markets in Cutting Blades for Hungary between 2021 and 2022 were South Korea ($3.67M), Switzerland ($1.32M), and Denmark ($707k).

Latest Trends

Mar 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cutting Blades. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$22.4M
IMPORTS (2022)$35.2M
NET TRADE (2022)-$12.8M

In 2022, Hungary exported $22.4M in Cutting Blades. The main destinations of Hungary exports on Cutting Blades were Germany ($17M), Romania ($1.27M), Spain ($380k), United States ($363k), and Czechia ($315k).

In 2022, Hungary imported $35.2M in Cutting Blades, mainly from Germany ($11.9M), Switzerland ($4.88M), South Korea ($4.16M), Czechia ($2.57M), and Austria ($2.27M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cutting Blades EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Germany$5.43M (47.1%)
Spain$370k (3.49k%)
United States$294k (423%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cutting Blades BY Hungary WERE (2021 - 2022):
South Korea-$447k (-96.5%)
Romania-$392k (-23.6%)
Switzerland-$130k (-46.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Cutting Blades were:
In 2022, Hungary's main importing competitors in Cutting Blades were:

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Trade Value of Cutting Blades by Exporters

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