2023
Exports
$438MWorld Rnk 10 / 151
Flag Rnk 66 / 1203
2023
PRODUCT COMPLEXITY IN Locomotive Parts
0.82Rnk 247 / 1025
2023
Imports
$154MWorld Rnk 25 / 199
Flag Rnk 165 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $438M in Locomotive Parts, making it the 10th largest exporter of Locomotive Parts in the world. At the same year, Locomotive Parts was the 66th most exported product in Hungary. The main destination of Locomotive Parts exports from Hungary are: Germany ($126M), Italy ($37.5M), Slovakia ($25.6M), India ($24.9M), and Austria ($21.2M).

The fastest growing export markets for Locomotive Parts of Hungary between 2022 and 2023 were Italy ($14.4M), Croatia ($12.9M), and Turkey ($12.2M).

Imports In 2023, Hungary imported $154M in Locomotive Parts, becoming the 25th largest importer of Locomotive Parts in the world. At the same year, Locomotive Parts was the 165th most imported product in Hungary. Hungary imports Locomotive Parts primarily from: Germany ($36.7M), Austria ($24.2M), Czechia ($18M), Turkey ($15.9M), and Spain ($10.3M).

The fastest growing import markets in Locomotive Parts for Hungary between 2022 and 2023 were Czechia ($9.26M), Austria ($6.27M), and Poland ($3.28M).

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 Locomotive Parts. 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)$438M
IMPORTS (2023)$154M
NET TRADE (2023)$284M

In 2023, Hungary exported $438M in Locomotive Parts. The main destinations of Hungary exports on Locomotive Parts were Germany ($126M), Italy ($37.5M), Slovakia ($25.6M), India ($24.9M), and Austria ($21.2M).

In 2023, Hungary imported $154M in Locomotive Parts, mainly from Germany ($36.7M), Austria ($24.2M), Czechia ($18M), Turkey ($15.9M), and Spain ($10.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Locomotive Parts EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Italy$14.4M (62.1%)
Croatia$12.9M (218%)
Turkey$12.2M (150%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locomotive Parts BY Hungary WERE (2022 - 2023):
Germany-$35.2M (-21.8%)
Poland-$24.9M (-60.5%)
Austria-$7M (-24.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Locomotive Parts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALAustria+ $8.9M
TOP IMPORT POTENTIALAustria+ $4.45M

Locomotive Parts’s highest export potential is Austria. With an export gap of $8.9M.   Locomotive Parts’s highest import potential is Austria with an import gap of $4.45M.

See methodology.

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