2023
Exports
$9.78BWorld Rnk 13 / 226
Flag Rnk 3 / 1203
2023
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1.12Rnk 138 / 1025
2023
Imports
$7.41BWorld Rnk 16 / 226
Flag Rnk 1 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $9.78B in Motor vehicles; parts and accessories (8701 to 8705), making it the 13th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 3rd most exported product in Hungary. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Hungary are: Germany ($3.31B), Slovakia ($1.36B), United Kingdom ($528M), Czechia ($455M), and France ($421M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Hungary between 2022 and 2023 were Germany ($577M), Slovakia ($498M), and United Kingdom ($109M).

Imports In 2023, Hungary imported $7.41B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 16th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 1st most imported product in Hungary. Hungary imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: Germany ($3.27B), Czechia ($776M), Poland ($521M), Austria ($501M), and China ($283M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Hungary between 2022 and 2023 were Germany ($443M), Austria ($232M), and China ($82.3M).

COMPANIES In 2024, leading companies such as Robert Bosch (604), Nissan (23), and ZF Friedrichshafen (17) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) from Hungary to the United States.

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 Motor vehicles; parts and accessories (8701 to 8705). 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)$9.78B
IMPORTS (2023)$7.41B
NET TRADE (2023)$2.37B

In 2023, Hungary exported $9.78B in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Hungary exports on Motor vehicles; parts and accessories (8701 to 8705) were Germany ($3.31B), Slovakia ($1.36B), United Kingdom ($528M), Czechia ($455M), and France ($421M).

In 2023, Hungary imported $7.41B in Motor vehicles; parts and accessories (8701 to 8705), mainly from Germany ($3.27B), Czechia ($776M), Poland ($521M), Austria ($501M), and China ($283M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Germany$577M (21.1%)
Slovakia$498M (57.8%)
United Kingdom$109M (25.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Hungary WERE (2022 - 2023):
China-$88.1M (-36.3%)
Russia-$9.09M (-84.1%)
Finland-$7.26M (-20.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
Germany $69.4B
China $49.1B
Mexico $41.1B
In 2023, Hungary's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $343M
TOP IMPORT POTENTIALChina+ $178M

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is United States. With an export gap of $343M.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is China with an import gap of $178M.

See methodology.

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