2022
Exports
$15.5MWorld Rnk 46 / 128
Flag Rnk 466 / 1206
2022
PRODUCT COMPLEXITY IN Iron Ore
-1.79Rnk 980 / 1025
2022
Imports
$82.9MWorld Rnk 44 / 130
Flag Rnk 286 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $15.5M in Iron Ore, making it the 46th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 466th most exported product in Hungary. The main destination of Iron Ore exports from Hungary are: Austria ($15.5M), Netherlands ($22.1k), Italy ($1.44k), and United Kingdom ($77).

The fastest growing export markets for Iron Ore of Hungary between N/A and 2022 were Austria ($15.5M), Netherlands ($22.1k), and Italy ($1.44k).

Imports In 2022, Hungary imported $82.9M in Iron Ore, becoming the 44th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 286th most imported product in Hungary. Hungary imports Iron Ore primarily from: Ukraine ($67.7M), Russia ($9.64M), Bulgaria ($4.28M), Italy ($434k), and Germany ($340k).

The fastest growing import markets in Iron Ore for Hungary between 2021 and 2022 were Netherlands ($283k), Italy ($234k), and Germany ($197k).

Latest Trends

Jul 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 Ore. 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)$15.5M
IMPORTS (2022)$82.9M
NET TRADE (2022)-$67.4M

In 2022, Hungary exported $15.5M in Iron Ore. The main destinations of Hungary exports on Iron Ore were Austria ($15.5M), Netherlands ($22.1k), Italy ($1.44k), and United Kingdom ($77).

In 2022, Hungary imported $82.9M in Iron Ore, mainly from Ukraine ($67.7M), Russia ($9.64M), Bulgaria ($4.28M), Italy ($434k), and Germany ($340k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Hungary WERE (N/A - 2022):
Austria$15.5M (1%)
Netherlands$22.1k (1%)
Italy$1.44k (1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Iron Ore were:
Brazil $30.1B
Canada $6.81B
In 2022, Hungary's main importing competitors in Iron Ore were:

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $115k
TOP IMPORT POTENTIALRussia+ $3.3M

Iron Ore’s highest export potential is Netherlands. With an export gap of $115k.   Iron Ore’s highest import potential is Russia with an import gap of $3.3M.

See methodology.

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