2022
Exports
$6.66BWorld Rnk 5 / 209
Flag Rnk 3 / 1206
2022
PRODUCT COMPLEXITY IN Electric Batteries
1.02Rnk 164 / 1025
2022
Imports
$2.18BWorld Rnk 18 / 225
Flag Rnk 12 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $6.66B in Electric Batteries, making it the 5th largest exporter of Electric Batteries in the world. At the same year, Electric Batteries was the 3rd most exported product in Hungary. The main destination of Electric Batteries exports from Hungary are: Germany ($2.7B), Czechia ($808M), Belgium ($748M), Italy ($595M), and United States ($419M).

The fastest growing export markets for Electric Batteries of Hungary between 2021 and 2022 were Germany ($1.19B), Belgium ($383M), and Czechia ($248M).

Imports In 2022, Hungary imported $2.18B in Electric Batteries, becoming the 18th largest importer of Electric Batteries in the world. At the same year, Electric Batteries was the 12th most imported product in Hungary. Hungary imports Electric Batteries primarily from: China ($562M), South Korea ($369M), Poland ($350M), Germany ($251M), and Czechia ($138M).

The fastest growing import markets in Electric Batteries for Hungary between 2021 and 2022 were China ($425M), Poland ($172M), and South Korea ($104M).

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 Electric Batteries. 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)$6.66B
IMPORTS (2022)$2.18B
NET TRADE (2022)$4.48B

In 2022, Hungary exported $6.66B in Electric Batteries. The main destinations of Hungary exports on Electric Batteries were Germany ($2.7B), Czechia ($808M), Belgium ($748M), Italy ($595M), and United States ($419M).

In 2022, Hungary imported $2.18B in Electric Batteries, mainly from China ($562M), South Korea ($369M), Poland ($350M), Germany ($251M), and Czechia ($138M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Batteries EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Germany$1.19B (79%)
Belgium$383M (105%)
Czechia$248M (44.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Batteries BY Hungary WERE (2021 - 2022):
China-$85.4M (-92.1%)
South Korea-$70.8M (-89%)
Russia-$2.08M (-62.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Electric Batteries were:
In 2022, Hungary's main importing competitors in Electric Batteries were:

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Trade Value of Electric Batteries by Exporters

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