2023
Exports
$9.89BWorld Rnk 4 / 212
Flag Rnk 2 / 1203
2023
PRODUCT COMPLEXITY IN Electric Batteries
1.17Rnk 118 / 1025
2023
Imports
$2.48BWorld Rnk 19 / 224
Flag Rnk 13 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $9.89B in Electric Batteries, making it the 4th largest exporter of Electric Batteries in the world. At the same year, Electric Batteries was the 2nd most exported product in Hungary. The main destination of Electric Batteries exports from Hungary are: Germany ($4.39B), Belgium ($1.2B), Czechia ($1.18B), Italy ($958M), and United States ($822M).

The fastest growing export markets for Electric Batteries of Hungary between 2022 and 2023 were Germany ($2.6B), Italy ($445M), and United States ($428M).

Imports In 2023, Hungary imported $2.48B in Electric Batteries, becoming the 19th largest importer of Electric Batteries in the world. At the same year, Electric Batteries was the 13th most imported product in Hungary. Hungary imports Electric Batteries primarily from: China ($693M), South Korea ($452M), Poland ($335M), Germany ($250M), and Slovakia ($139M).

The fastest growing import markets in Electric Batteries for Hungary between 2022 and 2023 were China ($184M), Czechia ($89.7M), and Germany ($85.7M).

COMPANIES In 2024, leading companies such as Robert Bosch (5) were at the forefront of shipping Electric Batteries from Hungary to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$9.89B
IMPORTS (2023)$2.48B
NET TRADE (2023)$7.41B

In 2023, Hungary exported $9.89B in Electric Batteries. The main destinations of Hungary exports on Electric Batteries were Germany ($4.39B), Belgium ($1.2B), Czechia ($1.18B), Italy ($958M), and United States ($822M).

In 2023, Hungary imported $2.48B in Electric Batteries, mainly from China ($693M), South Korea ($452M), Poland ($335M), Germany ($250M), and Slovakia ($139M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Batteries EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Germany$2.6B (146%)
Italy$445M (86.8%)
United States$428M (108%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Batteries BY Hungary WERE (2022 - 2023):
Slovakia-$37.6M (-11.2%)
Bulgaria-$23.5M (-24.1%)
Spain-$21.5M (-8.06%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Hungary's main exporting competitors in Electric Batteries were:
In 2023, Hungary's main importing competitors in Electric Batteries were:

Explore Visualizations

Trade Value of Electric Batteries by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $200M
TOP IMPORT POTENTIALChina+ $118M

Electric Batteries’s highest export potential is United States. With an export gap of $200M.   Electric Batteries’s highest import potential is China with an import gap of $118M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with