2022
Exports | Imports
$60M | $224MWorld Rnk 26 / 201
Flag Rnk 268 / 1206
World Rnk 17 / 220
Flag Rnk 131 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.36Rnk 13 / 124
2022
PRODUCT COMPLEXITY IN Electric Soldering Equipment
2.02Rnk 3 / 1025

About

Exports In 2022, Hungary exported $60M in Electric Soldering Equipment, making it the 26th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 268th most exported product in Hungary. The main destination of Electric Soldering Equipment exports from Hungary are: Austria ($26.5M), China ($4.46M), Germany ($3.64M), United States ($2.71M), and Australia ($2.68M).

The fastest growing export markets for Electric Soldering Equipment of Hungary between 2021 and 2022 were Australia ($1.86M), Thailand ($1.42M), and North Macedonia ($1.25M).

Imports In 2022, Hungary imported $224M in Electric Soldering Equipment, becoming the 17th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 131st most imported product in Hungary. Hungary imports Electric Soldering Equipment primarily from: Germany ($109M), South Korea ($58M), China ($14.7M), Austria ($9.93M), and Switzerland ($3.19M).

The fastest growing import markets in Electric Soldering Equipment for Hungary between 2021 and 2022 were Germany ($55.3M), Singapore ($947k), and Lithuania ($835k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Electric Soldering Equipment from Hungary to the United States.

Latest Trends

Feb 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 Soldering Equipment. 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)$60M
IMPORTS (2022)$224M
NET TRADE (2022)-$164M

In 2022, Hungary exported $60M in Electric Soldering Equipment. The main destinations of Hungary exports on Electric Soldering Equipment were Austria ($26.5M), China ($4.46M), Germany ($3.64M), United States ($2.71M), and Australia ($2.68M).

In 2022, Hungary imported $224M in Electric Soldering Equipment, mainly from Germany ($109M), South Korea ($58M), China ($14.7M), Austria ($9.93M), and Switzerland ($3.19M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Australia$1.86M (228%)
Thailand$1.42M (24.4k%)
North Macedonia$1.25M (4.2k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Hungary WERE (2021 - 2022):
Serbia-$5.08M (-86.7%)
Austria-$4.97M (-15.8%)
Germany-$1.65M (-31.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Electric Soldering Equipment by Exporters

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