Metalworking Machine Parts in Hungary

EXPORTS (2018): $97M, World Rnk 28 / 175
Flag Rnk 193 / 1175

TOP DESTINATION (2018): $64.3M, Germany

FASTEST GROWING MARKET (2017 - 2018): $13.4M, Germany

IMPORTS (2018): $188M, World Rnk 29 / 212
Flag Rnk 126 / 1198

TOP ORIGIN (2018): $96.4M, Germany

FASTEST GROWING ORIGIN (2017 - 2018): $2.81M, Italy

ECONOMIC COMPLEXITY of Hungary (2018): 1.44, Rnk 14 / 137

Overview: This page contains the latest trade data of Metalworking Machine Parts in Hungary.

Exports: In 2018, Hungary exported $97M in Metalworking Machine Parts, making it the 28th largest exporter of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 193rd most exported product in Hungary. The main destination of Metalworking Machine Parts exports from Hungary are: Germany ($64.3M), Czechia ($5.91M), Spain ($4.92M), Austria ($4.56M), and Italy ($3.13M).

The fastest growing export markets for Metalworking Machine Parts of Hungary between 2017 and 2018 were Germany ($13.4M), Czechia ($5.51M), and Spain ($4.79M).

Imports: In 2018, Hungary imported $188M in Metalworking Machine Parts, becoming the 29th largest importer of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 126th most imported product in Hungary. Hungary imports Metalworking Machine Parts primarily from: Germany ($96.4M), Italy ($13.4M), Austria ($13.1M), China ($7.61M), and Belgium-Luxembourg ($7.36M).

The fastest growing import markets in Metalworking Machine Parts for Hungary between 2017 and 2018 were Italy ($2.81M), Switzerland ($2.7M), and Belgium-Luxembourg ($2.66M).

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 (12.5%), Burundi (12.5%), Benin (12.5%), Burkina Faso (12.5%), and Botswana (12.5%).

Value

EXPORTS (2018): $97M

IMPORTS (2018): $188M

NET TRADE (2018): -$91.2M

In 2018, Hungary exported $97M in Metalworking Machine Parts. The main destinations of Hungary exports on Metalworking Machine Parts were Germany ($64.3M), Czechia ($5.91M), Spain ($4.92M), Austria ($4.56M), and Italy ($3.13M).

In 2018, Hungary imported $188M in Metalworking Machine Parts, mainly from Germany ($96.4M), Italy ($13.4M), Austria ($13.1M), China ($7.61M), and Belgium-Luxembourg ($7.36M).

Explore Visualizations

IN 2018, Hungary HAD A POSITIVE NET TRADE IN Metalworking Machine Parts WITH:

  • Spain, $2.14M ($4.92M - $2.78M)
  • Mexico, $847k ($849k - $2.1k)
  • Serbia, $751k ($898k - $147k)

IN 2018, Hungary HAD A NEGATIVE NET TRADE IN Metalworking Machine Parts WITH:

  • Germany, -$32.1M ($64.3M - $96.4M)
  • Italy, -$10.3M ($3.13M - $13.4M)
  • Austria, -$8.56M ($4.56M - $13.1M)
Flow

THE FASTEST GROWING Metalworking Machine Parts EXPORT MARKETS FOR Hungary WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machine Parts BY Hungary WERE (2017 - 2018):

Explore Visualizations

Market Concentration

#permalink to section
Flow
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:

Explore Visualizations

Trade Forecasts

#permalink to section

Time

This section shows forecasts for total exports and imports, for Metalworking Machine Parts in Hungary. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

Explore Forecasts

Tariffs by Country

#permalink to section

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 (12.5%), Burundi (12.5%), Benin (12.5%), Burkina Faso (12.5%), and Botswana (12.5%).

Explore Tariff Data