2023
Exports
$1.48BWorld Rnk 18 / 199
Flag Rnk 16 / 1203
2023
PRODUCT COMPLEXITY IN Gas Turbines
0.7Rnk 283 / 1025
2023
Imports
$1.11BWorld Rnk 30 / 210
Flag Rnk 25 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $1.48B in Gas Turbines, making it the 18th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 16th most exported product in Hungary. The main destination of Gas Turbines exports from Hungary are: United States ($299M), Germany ($197M), Italy ($135M), Ireland ($103M), and France ($82.4M).

The fastest growing export markets for Gas Turbines of Hungary between 2022 and 2023 were United States ($88.1M), Ireland ($87.5M), and Russia ($46.6M).

Imports In 2023, Hungary imported $1.11B in Gas Turbines, becoming the 30th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 25th most imported product in Hungary. Hungary imports Gas Turbines primarily from: United States ($414M), Germany ($175M), United Kingdom ($137M), China ($102M), and Serbia ($50.8M).

The fastest growing import markets in Gas Turbines for Hungary between 2022 and 2023 were United States ($43.3M), China ($33.8M), and United Kingdom ($19.7M).

Latest Trends

Dec 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 Gas Turbines. 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 (2023)$1.48B
IMPORTS (2023)$1.11B
NET TRADE (2023)$374M

In 2023, Hungary exported $1.48B in Gas Turbines. The main destinations of Hungary exports on Gas Turbines were United States ($299M), Germany ($197M), Italy ($135M), Ireland ($103M), and France ($82.4M).

In 2023, Hungary imported $1.11B in Gas Turbines, mainly from United States ($414M), Germany ($175M), United Kingdom ($137M), China ($102M), and Serbia ($50.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
United States$88.1M (41.8%)
Ireland$87.5M (578%)
Russia$46.6M (3.49k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Hungary WERE (2022 - 2023):
Kuwait-$55.1M (-69.2%)
France-$36.6M (-30.7%)
Chinese Taipei-$27.4M (-67%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Gas Turbines were:
In 2023, Hungary's main importing competitors in Gas Turbines were:

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $90.5M
TOP IMPORT POTENTIALUnited Kingdom+ $37.4M

Gas Turbines’s highest export potential is United States. With an export gap of $90.5M.   Gas Turbines’s highest import potential is United Kingdom with an import gap of $37.4M.

See methodology.

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