2023
Exports
$983kWorld Rnk 46 / 172
Flag Rnk 881 / 1203
2023
PRODUCT COMPLEXITY IN Musical Instrument Parts
1.24Rnk 97 / 1025
2023
Imports
$1.63MWorld Rnk 58 / 206
Flag Rnk 951 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $983k in Musical Instrument Parts, making it the 46th largest exporter of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 881st most exported product in Hungary. The main destination of Musical Instrument Parts exports from Hungary are: United States ($158k), Romania ($143k), Switzerland ($120k), Germany ($78.8k), and United Kingdom ($69.7k).

The fastest growing export markets for Musical Instrument Parts of Hungary between 2022 and 2023 were Czechia ($57.7k), Romania ($37.1k), and Philippines ($24.9k).

Imports In 2023, Hungary imported $1.63M in Musical Instrument Parts, becoming the 58th largest importer of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 951st most imported product in Hungary. Hungary imports Musical Instrument Parts primarily from: United States ($416k), Germany ($333k), China ($255k), Portugal ($117k), and Czechia ($88.1k).

The fastest growing import markets in Musical Instrument Parts for Hungary between 2022 and 2023 were Portugal ($92.7k), Croatia ($26.9k), and China ($25.6k).

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 Musical Instrument Parts. 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)$983k
IMPORTS (2023)$1.63M
NET TRADE (2023)-$651k

In 2023, Hungary exported $983k in Musical Instrument Parts. The main destinations of Hungary exports on Musical Instrument Parts were United States ($158k), Romania ($143k), Switzerland ($120k), Germany ($78.8k), and United Kingdom ($69.7k).

In 2023, Hungary imported $1.63M in Musical Instrument Parts, mainly from United States ($416k), Germany ($333k), China ($255k), Portugal ($117k), and Czechia ($88.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Musical Instrument Parts EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Czechia$57.7k (677%)
Romania$37.1k (34.9%)
Philippines$24.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical Instrument Parts BY Hungary WERE (2022 - 2023):
Germany-$177k (-69.2%)
United States-$110k (-41.1%)
Egypt-$56.5k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Musical Instrument Parts were:
In 2023, Hungary's main importing competitors in Musical Instrument Parts were:

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Trade Value of Musical Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $218k
TOP IMPORT POTENTIALChina+ $215k

Musical Instrument Parts’s highest export potential is United States. With an export gap of $218k.   Musical Instrument Parts’s highest import potential is China with an import gap of $215k.

See methodology.

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