Motor-working Tools in Hungary

EXPORTS (2018): $68.6M, World Rnk 20 / 173
Flag Rnk 224 / 1175

TOP DESTINATION (2018): $41M, Belgium-Luxembourg

FASTEST GROWING MARKET (2017 - 2018): $1.91M, Saudi Arabia

IMPORTS (2018): $87.6M, World Rnk 29 / 217
Flag Rnk 231 / 1198

TOP ORIGIN (2018): $18.9M, Germany

FASTEST GROWING ORIGIN (2017 - 2018): $8.87M, China

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

PRODUCT COMPLEXITY  IN Motor-working Tools (2018): 1.63, Rnk 32 / 1018

Exports: In 2018, Hungary exported $68.6M in Motor-working Tools, making it the 20th largest exporter of Motor-working Tools in the world. At the same year, Motor-working Tools was the 224th most exported product in Hungary. The main destination of Motor-working Tools exports from Hungary are: Belgium-Luxembourg ($41M), Germany ($4.41M), Austria ($3.81M), United States ($2.81M), and Mexico ($2.01M).

The fastest growing export markets for Motor-working Tools of Hungary between 2017 and 2018 were Saudi Arabia ($1.91M), Austria ($1.01M), and Thailand ($297k).

Imports: In 2018, Hungary imported $87.6M in Motor-working Tools, becoming the 29th largest importer of Motor-working Tools in the world. At the same year, Motor-working Tools was the 231st most imported product in Hungary. Hungary imports Motor-working Tools primarily from: Germany ($18.9M), China ($17.9M), Sweden ($13.4M), Czechia ($7.61M), and Slovenia ($5.13M).

The fastest growing import markets in Motor-working Tools for Hungary between 2017 and 2018 were China ($8.87M), Slovenia ($4.23M), and Czechia ($4.17M).

Tariffs: In 2002, the average tariff for Hungary in Motor-working Tools was 7.25%. The countries with the highest import tariffs for Motor-working Tools were Angola (7.25%), Burundi (7.25%), Benin (7.25%), Burkina Faso (7.25%), and Botswana (7.25%).

Value

EXPORTS (2018): $68.6M

IMPORTS (2018): $87.6M

NET TRADE (2018): -$19.1M

In 2018, Hungary exported $68.6M in Motor-working Tools. The main destinations of Hungary exports on Motor-working Tools were Belgium-Luxembourg ($41M), Germany ($4.41M), Austria ($3.81M), United States ($2.81M), and Mexico ($2.01M).

In 2018, Hungary imported $87.6M in Motor-working Tools, mainly from Germany ($18.9M), China ($17.9M), Sweden ($13.4M), Czechia ($7.61M), and Slovenia ($5.13M).

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IN 2018, Hungary HAD A POSITIVE NET TRADE IN Motor-working Tools WITH:

IN 2018, Hungary HAD A NEGATIVE NET TRADE IN Motor-working Tools WITH:

Flow

THE FASTEST GROWING Motor-working Tools EXPORT MARKETS FOR Hungary WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor-working Tools BY Hungary WERE (2017 - 2018):

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Market Concentration

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Type

In 2018, Hungary's main exporting competitors in Motor-working Tools were:

In 2018, Hungary's main importing competitors in Motor-working Tools were:

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Trade Forecasts

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Time

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

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Tariffs by Country

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In 2002, the average tariff for Hungary in Motor-working Tools was 7.25%.

The countries with the highest tariffs for Motor-working Tools in Hungary were Angola (7.25%), Burundi (7.25%), Benin (7.25%), Burkina Faso (7.25%), and Botswana (7.25%).

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