2023
Exports
$41.9MWorld Rnk 24 / 205
Flag Rnk 307 / 1203
2023
PRODUCT COMPLEXITY IN Gaskets
1.46Rnk 51 / 1025
2023
Imports
$59.5MWorld Rnk 26 / 224
Flag Rnk 316 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $41.9M in Gaskets, making it the 24th largest exporter of Gaskets in the world. At the same year, Gaskets was the 307th most exported product in Hungary. The main destination of Gaskets exports from Hungary are: Germany ($10.7M), Italy ($6.95M), Romania ($3.34M), Ireland ($2.88M), and Poland ($1.62M).

The fastest growing export markets for Gaskets of Hungary between 2022 and 2023 were Italy ($2.94M), Ireland ($2.66M), and Germany ($1.02M).

Imports In 2023, Hungary imported $59.5M in Gaskets, becoming the 26th largest importer of Gaskets in the world. At the same year, Gaskets was the 316th most imported product in Hungary. Hungary imports Gaskets primarily from: Germany ($22.3M), Netherlands ($9.69M), Italy ($6.52M), Czechia ($5.09M), and United States ($2.28M).

The fastest growing import markets in Gaskets for Hungary between 2022 and 2023 were Netherlands ($7.05M), Czechia ($2.52M), and Germany ($1.29M).

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 Gaskets. 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)$41.9M
IMPORTS (2023)$59.5M
NET TRADE (2023)-$17.7M

In 2023, Hungary exported $41.9M in Gaskets. The main destinations of Hungary exports on Gaskets were Germany ($10.7M), Italy ($6.95M), Romania ($3.34M), Ireland ($2.88M), and Poland ($1.62M).

In 2023, Hungary imported $59.5M in Gaskets, mainly from Germany ($22.3M), Netherlands ($9.69M), Italy ($6.52M), Czechia ($5.09M), and United States ($2.28M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gaskets EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Italy$2.94M (73.2%)
Ireland$2.66M (1.21k%)
Germany$1.02M (10.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gaskets BY Hungary WERE (2022 - 2023):
United Kingdom-$3.02M (-70.8%)
Russia-$177k (-100%)
Mexico-$142k (-14.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Gaskets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.01M
TOP IMPORT POTENTIALUnited States+ $2.08M

Gaskets’s highest export potential is United States. With an export gap of $2.01M.   Gaskets’s highest import potential is United States with an import gap of $2.08M.

See methodology.

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