2022
Exports
$1.44BWorld Rnk 4 / 200
Flag Rnk 19 / 1206
2022
PRODUCT COMPLEXITY IN Navigation Equipment
1.03Rnk 162 / 1025
2022
Imports
$236MWorld Rnk 25 / 220
Flag Rnk 124 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $1.44B 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 ($535M), Germany ($349M), Slovakia ($157M), Luxembourg ($54.2M), and Italy ($51.6M).

The fastest growing export markets for Navigation Equipment of Hungary between 2021 and 2022 were China ($510M), Slovakia ($119M), and Luxembourg ($54.2M).

Imports In 2022, Hungary imported $236M in Navigation Equipment, becoming the 25th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 124th most imported product in Hungary. Hungary imports Navigation Equipment primarily from: India ($110M), Germany ($35.1M), Czechia ($27.3M), China ($13.4M), and Poland ($10.6M).

The fastest growing import markets in Navigation Equipment for Hungary between 2021 and 2022 were India ($23M), Czechia ($9.84M), and Poland ($8.8M).

COMPANIES In 2023, leading companies such as ROBERT BOSCH LLC (4) were at the forefront of shipping Navigation Equipment from Hungary to the United States.

Latest Trends

Mar 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 (2022)$1.44B
IMPORTS (2022)$236M
NET TRADE (2022)$1.21B

In 2022, Hungary exported $1.44B in Navigation Equipment. The main destinations of Hungary exports on Navigation Equipment were China ($535M), Germany ($349M), Slovakia ($157M), Luxembourg ($54.2M), and Italy ($51.6M).

In 2022, Hungary imported $236M in Navigation Equipment, mainly from India ($110M), Germany ($35.1M), Czechia ($27.3M), China ($13.4M), and Poland ($10.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
China$510M (2.04k%)
Slovakia$119M (309%)
Luxembourg$54.2M (7.13M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY Hungary WERE (2021 - 2022):
Germany-$45.3M (-11.5%)
United States-$22.6M (-33%)
Poland-$22.3M (-89.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Navigation Equipment were:
In 2022, Hungary's main importing competitors in Navigation Equipment were:

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Trade Value of Navigation Equipment by Exporters

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