2022
Exports | Imports
$7.78B | $6.5BWorld Rnk 14 / 226
Flag Rnk 2 / 1206
World Rnk 17 / 225
Flag Rnk 2 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.36Rnk 13 / 124
2022
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1.07Rnk 149 / 1025

About

Exports In 2022, Hungary exported $7.78B in Motor vehicles; parts and accessories (8701 to 8705), making it the 14th 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 2nd most exported product in Hungary. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Hungary are: Germany ($2.81B), Slovakia ($887M), United Kingdom ($383M), Czechia ($337M), and Spain ($321M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Hungary between 2021 and 2022 were Slovakia ($101M), United Kingdom ($99.1M), and Spain ($71.2M).

Imports In 2022, Hungary imported $6.5B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 17th 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 2nd most imported product in Hungary. Hungary imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: Germany ($2.65B), Czechia ($762M), Poland ($517M), Italy ($273M), and China ($268M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Hungary between 2021 and 2022 were China ($74.6M), Slovakia ($22.9M), and France ($17.2M).

COMPANIES In 2023, leading companies such as ROBERT BOSCH LLC (40.7k), ROBERT BOSCH TOOL CORPORATION (5.03k), and NISSAN NORTH AMERICA, INC. (795) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) from Hungary to the United States.

Latest Trends

Feb 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 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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$7.78B
IMPORTS (2022)$6.5B
NET TRADE (2022)$1.27B

In 2022, Hungary exported $7.78B 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 ($2.81B), Slovakia ($887M), United Kingdom ($383M), Czechia ($337M), and Spain ($321M).

In 2022, Hungary imported $6.5B in Motor vehicles; parts and accessories (8701 to 8705), mainly from Germany ($2.65B), Czechia ($762M), Poland ($517M), Italy ($273M), and China ($268M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Slovakia$101M (12.9%)
United Kingdom$99.1M (34.9%)
Spain$71.2M (28.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Hungary WERE (2021 - 2022):
Turkey-$547M (-68.3%)
Russia-$46.6M (-81.2%)
Sweden-$23.4M (-9.68%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Hungary's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2022, Hungary's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

Explore Visualizations

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

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with