2023
Exports
$1.41BWorld Rnk 4 / 199
Flag Rnk 19 / 1203
2023
PRODUCT COMPLEXITY IN Navigation Equipment
1.03Rnk 167 / 1025
2023
Imports
$183MWorld Rnk 27 / 223
Flag Rnk 139 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $1.41B in Navigation Equipment, making it the 4th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 19th most exported product in Hungary. The main destination of Navigation Equipment exports from Hungary are: China ($495M), Germany ($340M), Italy ($99.3M), United States ($98.4M), and France ($80.1M).

The fastest growing export markets for Navigation Equipment of Hungary between 2022 and 2023 were Germany ($64.4M), Italy ($47.1M), and France ($32.8M).

Imports In 2023, Hungary imported $183M in Navigation Equipment, becoming the 27th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 139th most imported product in Hungary. Hungary imports Navigation Equipment primarily from: India ($60.1M), Czechia ($44M), Germany ($16.3M), Poland ($16.1M), and Hong Kong ($10.7M).

The fastest growing import markets in Navigation Equipment for Hungary between 2022 and 2023 were Israel ($6.78M), Hong Kong ($6.68M), and Ukraine ($1.31M).

COMPANIES In 2024, leading companies such as Robert Bosch (12) were at the forefront of shipping Navigation Equipment 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 Navigation Equipment. 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)$1.41B
IMPORTS (2023)$183M
NET TRADE (2023)$1.22B

In 2023, Hungary exported $1.41B in Navigation Equipment. The main destinations of Hungary exports on Navigation Equipment were China ($495M), Germany ($340M), Italy ($99.3M), United States ($98.4M), and France ($80.1M).

In 2023, Hungary imported $183M in Navigation Equipment, mainly from India ($60.1M), Czechia ($44M), Germany ($16.3M), Poland ($16.1M), and Hong Kong ($10.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Germany$64.4M (23.4%)
Italy$47.1M (90.2%)
France$32.8M (69.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY Hungary WERE (2022 - 2023):
Luxembourg-$52.5M (-96.8%)
China-$45.4M (-8.39%)
Slovakia-$16.2M (-24.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Navigation Equipment were:
In 2023, Hungary's main importing competitors in Navigation Equipment were:

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Trade Value of Navigation Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $38.3M
TOP IMPORT POTENTIALChina+ $10.3M

Navigation Equipment’s highest export potential is United States. With an export gap of $38.3M.   Navigation Equipment’s highest import potential is China with an import gap of $10.3M.

See methodology.

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