2023
Exports
$16.1MWorld Rnk 37 / 177
Flag Rnk 449 / 1203
2023
PRODUCT COMPLEXITY IN Iron Cloth
0.0073Rnk 555 / 1025
2023
Imports
$56.1MWorld Rnk 28 / 224
Flag Rnk 334 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $16.1M in Iron Cloth, making it the 37th largest exporter of Iron Cloth in the world. At the same year, Iron Cloth was the 449th most exported product in Hungary. The main destination of Iron Cloth exports from Hungary are: Austria ($4.76M), Ukraine ($4.42M), Czechia ($1.53M), Italy ($1.32M), and Romania ($1.02M).

The fastest growing export markets for Iron Cloth of Hungary between 2022 and 2023 were Ukraine ($1.67M), Poland ($288k), and Austria ($155k).

Imports In 2023, Hungary imported $56.1M in Iron Cloth, becoming the 28th largest importer of Iron Cloth in the world. At the same year, Iron Cloth was the 334th most imported product in Hungary. Hungary imports Iron Cloth primarily from: Serbia ($10.4M), Germany ($8.84M), Slovakia ($5.63M), Bosnia and Herzegovina ($5.56M), and Poland ($3.71M).

The fastest growing import markets in Iron Cloth for Hungary between 2022 and 2023 were Belgium ($1.37M), Germany ($1.18M), and Czechia ($868k).

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 Iron Cloth. 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)$16.1M
IMPORTS (2023)$56.1M
NET TRADE (2023)-$40M

In 2023, Hungary exported $16.1M in Iron Cloth. The main destinations of Hungary exports on Iron Cloth were Austria ($4.76M), Ukraine ($4.42M), Czechia ($1.53M), Italy ($1.32M), and Romania ($1.02M).

In 2023, Hungary imported $56.1M in Iron Cloth, mainly from Serbia ($10.4M), Germany ($8.84M), Slovakia ($5.63M), Bosnia and Herzegovina ($5.56M), and Poland ($3.71M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Cloth EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Ukraine$1.67M (60.7%)
Poland$288k (273%)
Austria$155k (3.36%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Cloth BY Hungary WERE (2022 - 2023):
Czechia-$417k (-21.4%)
Vietnam-$363k (-99%)
Germany-$362k (-29.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Iron Cloth were:
China $1.49B
Italy $505M
In 2023, Hungary's main importing competitors in Iron Cloth were:

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Trade Value of Iron Cloth by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.25M
TOP IMPORT POTENTIALItaly+ $2.15M

Iron Cloth’s highest export potential is Germany. With an export gap of $1.25M.   Iron Cloth’s highest import potential is Italy with an import gap of $2.15M.

See methodology.

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