2022
Exports
$24.6MWorld Rnk 47 / 126
Flag Rnk 385 / 1206
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars
-0.34Rnk 659 / 1025
2022
Imports
$276MWorld Rnk 20 / 210
Flag Rnk 110 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $24.6M in Hot-Rolled Iron Bars, making it the 47th largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 385th most exported product in Hungary. The main destination of Hot-Rolled Iron Bars exports from Hungary are: Slovakia ($9.31M), Czechia ($8.77M), Greece ($2.48M), Poland ($1.77M), and Austria ($752k).

The fastest growing export markets for Hot-Rolled Iron Bars of Hungary between 2021 and 2022 were Czechia ($8.11M), Slovakia ($4.54M), and Greece ($1.73M).

Imports In 2022, Hungary imported $276M in Hot-Rolled Iron Bars, becoming the 20th largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 110th most imported product in Hungary. Hungary imports Hot-Rolled Iron Bars primarily from: Czechia ($87.1M), Italy ($60M), Romania ($21.8M), Poland ($21.4M), and Slovenia ($20.1M).

The fastest growing import markets in Hot-Rolled Iron Bars for Hungary between 2021 and 2022 were Czechia ($20.8M), United Kingdom ($7.22M), and Romania ($7.06M).

Latest Trends

Nov 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 Hot-Rolled Iron Bars. 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)$24.6M
IMPORTS (2022)$276M
NET TRADE (2022)-$252M

In 2022, Hungary exported $24.6M in Hot-Rolled Iron Bars. The main destinations of Hungary exports on Hot-Rolled Iron Bars were Slovakia ($9.31M), Czechia ($8.77M), Greece ($2.48M), Poland ($1.77M), and Austria ($752k).

In 2022, Hungary imported $276M in Hot-Rolled Iron Bars, mainly from Czechia ($87.1M), Italy ($60M), Romania ($21.8M), Poland ($21.4M), and Slovenia ($20.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Czechia$8.11M (1.23k%)
Slovakia$4.54M (95.1%)
Greece$1.73M (230%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Hungary WERE (2021 - 2022):
United States-$830k (-100%)
Poland-$663k (-27.3%)
Germany-$432k (-38.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Hot-Rolled Iron Bars were:
Germany $1.64B
China $1.62B
In 2022, Hungary's main importing competitors in Hot-Rolled Iron Bars were:

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Trade Value of Hot-Rolled Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $1.17M
TOP IMPORT POTENTIALGermany+ $5.57M

Hot-Rolled Iron Bars’s highest export potential is Poland. With an export gap of $1.17M.   Hot-Rolled Iron Bars’s highest import potential is Germany with an import gap of $5.57M.

See methodology.

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