HS Icon Metalworking Machine Parts in  Flag Hungary

2019
Exports | Imports
: $71M | $175M, World Rnk 30 / 202
Flag Rnk 223 / 1199 | World Rnk 28 / 217
Flag Rnk 131 / 1208

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $1.5M | $1.78M, Slovakia |  Poland

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

2019
PRODUCT COMPLEXITY  IN Metalworking Machine Parts
: 1.52, Rnk 49 / 1029

Exports: In 2019, Hungary exported $71M in Metalworking Machine Parts, making it the 30th largest exporter of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 223rd most exported product in Hungary. The main destination of Metalworking Machine Parts exports from Hungary are: Germany ($44.9M), Austria ($3.69M), Italy ($3.22M), Czechia ($2.73M), and Slovakia ($1.94M).

The fastest growing export markets for Metalworking Machine Parts of Hungary between 2018 and 2019 were Slovakia ($1.5M), United States ($551k), and France ($404k).

Imports: In 2019, Hungary imported $175M in Metalworking Machine Parts, becoming the 28th largest importer of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 131st most imported product in Hungary. Hungary imports Metalworking Machine Parts primarily from: Germany ($89.8M), Italy ($12.2M), Austria ($11.1M), Belgium ($7.08M), and Switzerland ($7.01M).

The fastest growing import markets in Metalworking Machine Parts for Hungary between 2018 and 2019 were Poland ($1.78M), Portugal ($1.69M), and Netherlands ($1.31M).

Tariffs: In 2002, the average tariff for Hungary in Metalworking Machine Parts was 12.5%. The countries with the highest import tariffs for Metalworking Machine Parts were Angola (Most Favoured Nation duty rate treatement, 12.5%), Burundi (Most Favoured Nation duty rate treatement, 12.5%), Benin (Most Favoured Nation duty rate treatement, 12.5%), Burkina Faso (Most Favoured Nation duty rate treatement, 12.5%), and Botswana (Most Favoured Nation duty rate treatement, 12.5%).

Historical Data

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Value

EXPORTS (2019): $71M

IMPORTS (2019): $175M

NET TRADE (2019): -$104M

In 2019, Hungary exported $71M in Metalworking Machine Parts. The main destinations of Hungary exports on Metalworking Machine Parts were Germany ($44.9M), Austria ($3.69M), Italy ($3.22M), Czechia ($2.73M), and Slovakia ($1.94M).

In 2019, Hungary imported $175M in Metalworking Machine Parts, mainly from Germany ($89.8M), Italy ($12.2M), Austria ($11.1M), Belgium ($7.08M), and Switzerland ($7.01M).

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IN 2019, Hungary HAD A POSITIVE NET TRADE IN Metalworking Machine Parts WITH:

IN 2019, Hungary HAD A NEGATIVE NET TRADE IN Metalworking Machine Parts WITH:

Flow

THE FASTEST GROWING Metalworking Machine Parts EXPORT MARKETS FOR Hungary WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machine Parts BY Hungary WERE (2018 - 2019):

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Market Concentration

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Type

In 2018, Hungary's main exporting competitors in Metalworking Machine Parts were:

In 2018, Hungary's main importing competitors in Metalworking Machine Parts were:

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Tariffs by Country

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In 2002, the average tariff for Hungary in Metalworking Machine Parts was 12.5%.

The countries with the highest tariffs for Metalworking Machine Parts in Hungary were Angola (Most Favoured Nation duty rate treatement, 12.5%), Burundi (Most Favoured Nation duty rate treatement, 12.5%), Benin (Most Favoured Nation duty rate treatement, 12.5%), Burkina Faso (Most Favoured Nation duty rate treatement, 12.5%), and Botswana (Most Favoured Nation duty rate treatement, 12.5%).