2023
Exports
$1.17BWorld Rnk 26 / 217
Flag Rnk 24 / 1203
2023
PRODUCT COMPLEXITY IN Medical Instruments
0.73Rnk 272 / 1025
2023
Imports
$587MWorld Rnk 41 / 226
Flag Rnk 45 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $1.17B in Medical Instruments, making it the 26th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 24th most exported product in Hungary. The main destination of Medical Instruments exports from Hungary are: Germany ($331M), Austria ($102M), United Kingdom ($95.3M), United States ($94.7M), and France ($71.3M).

The fastest growing export markets for Medical Instruments of Hungary between 2022 and 2023 were Germany ($37M), Austria ($24.3M), and Netherlands ($12M).

Imports In 2023, Hungary imported $587M in Medical Instruments, becoming the 41st largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 45th most imported product in Hungary. Hungary imports Medical Instruments primarily from: Germany ($106M), Austria ($102M), Netherlands ($63.3M), France ($47M), and China ($42.4M).

The fastest growing import markets in Medical Instruments for Hungary between 2022 and 2023 were Austria ($23.6M), Netherlands ($15.8M), and Romania ($9.52M).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Medical Instruments. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$1.17B
IMPORTS (2023)$587M
NET TRADE (2023)$580M

In 2023, Hungary exported $1.17B in Medical Instruments. The main destinations of Hungary exports on Medical Instruments were Germany ($331M), Austria ($102M), United Kingdom ($95.3M), United States ($94.7M), and France ($71.3M).

In 2023, Hungary imported $587M in Medical Instruments, mainly from Germany ($106M), Austria ($102M), Netherlands ($63.3M), France ($47M), and China ($42.4M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Germany$37M (12.6%)
Austria$24.3M (31.2%)
Netherlands$12M (133%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Hungary WERE (2022 - 2023):
France-$39.3M (-35.5%)
China-$14.9M (-78.4%)
Malaysia-$13.7M (-71.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Hungary's main exporting competitors in Medical Instruments were:
In 2023, Hungary's main importing competitors in Medical Instruments were:

Explore Visualizations

Trade Value of Medical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $85.7M
TOP IMPORT POTENTIALGermany+ $26.8M

Medical Instruments’s highest export potential is United States. With an export gap of $85.7M.   Medical Instruments’s highest import potential is Germany with an import gap of $26.8M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with