HS Icon Integrated Circuits in  Flag Hungary

2019
Exports | Imports
: $546M | $3.3B, World Rnk 26 / 218
Flag Rnk 45 / 1199 | World Rnk 18 / 225
Flag Rnk 3 / 1208

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $83.5M | $111M, Mexico |  Netherlands

2019
ECONOMIC COMPLEXITY of Hungary
: 1.5, Rnk 13 / 147

2019
PRODUCT COMPLEXITY  IN Integrated Circuits
: 1.15, Rnk 127 / 1029

Exports In 2019, Hungary exported $546M in Integrated Circuits, making it the 26th largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 45th most exported product in Hungary. The main destination of Integrated Circuits exports from Hungary are: Germany ($114M), Mexico ($102M), China ($81.2M), Ukraine ($67.6M), and Chinese Taipei ($28.1M).

The fastest growing export markets for Integrated Circuits of Hungary between 2018 and 2019 were Mexico ($83.5M), China ($49.7M), and Germany ($26.4M).

Imports In 2019, Hungary imported $3.3B in Integrated Circuits, becoming the 18th largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 3rd most imported product in Hungary. Hungary imports Integrated Circuits primarily from: Germany ($1.2B), Netherlands ($955M), France ($237M), China ($113M), and Ireland ($93.9M).

The fastest growing import markets in Integrated Circuits for Hungary between 2018 and 2019 were Netherlands ($111M), China ($51.8M), and Ireland ($25.9M).

Tariffs In 2002, the average tariff for Hungary in Integrated Circuits was 4.86%. The countries with the highest import tariffs for Integrated Circuits were Angola (Most Favoured Nation duty rate treatement, 4.86%), Burundi (Most Favoured Nation duty rate treatement, 4.86%), Benin (Most Favoured Nation duty rate treatement, 4.86%), Burkina Faso (Most Favoured Nation duty rate treatement, 4.86%), and Botswana (Most Favoured Nation duty rate treatement, 4.86%).

Historical Data

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EXPORTS (2019): $546M

IMPORTS (2019): $3.3B

NET TRADE (2019): -$2.75B

In 2019, Hungary exported $546M in Integrated Circuits. The main destinations of Hungary exports on Integrated Circuits were Germany ($114M), Mexico ($102M), China ($81.2M), Ukraine ($67.6M), and Chinese Taipei ($28.1M).

In 2019, Hungary imported $3.3B in Integrated Circuits, mainly from Germany ($1.2B), Netherlands ($955M), France ($237M), China ($113M), and Ireland ($93.9M).

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IN 2019, Hungary HAD A POSITIVE NET TRADE IN Integrated Circuits WITH:

IN 2019, Hungary HAD A NEGATIVE NET TRADE IN Integrated Circuits WITH:

Flow

THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR Hungary WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY Hungary WERE (2018 - 2019):

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Market Concentration

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In 2019, Hungary's main exporting competitors in Integrated Circuits were:

In 2019, Hungary's main importing competitors in Integrated Circuits were:

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Tariffs by Country

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In 2002, the average tariff for Hungary in Integrated Circuits was 4.86%.

The countries with the highest tariffs for Integrated Circuits in Hungary were Angola (Most Favoured Nation duty rate treatement, 4.86%), Burundi (Most Favoured Nation duty rate treatement, 4.86%), Benin (Most Favoured Nation duty rate treatement, 4.86%), Burkina Faso (Most Favoured Nation duty rate treatement, 4.86%), and Botswana (Most Favoured Nation duty rate treatement, 4.86%).