2023
Exports
$1.47BWorld Rnk 19 / 222
Flag Rnk 18 / 1203
2023
PRODUCT COMPLEXITY IN Office Machine Parts
1.14Rnk 125 / 1025
2023
Imports
$2.18BWorld Rnk 26 / 226
Flag Rnk 14 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $1.47B in Office Machine Parts, making it the 19th largest exporter of Office Machine Parts in the world. At the same year, Office Machine Parts was the 18th most exported product in Hungary. The main destination of Office Machine Parts exports from Hungary are: Netherlands ($382M), Germany ($171M), United Kingdom ($131M), United States ($129M), and Romania ($42.9M).

The fastest growing export markets for Office Machine Parts of Hungary between 2022 and 2023 were Ukraine ($30.7M), Canada ($20.1M), and United Kingdom ($19.6M).

Imports In 2023, Hungary imported $2.18B in Office Machine Parts, becoming the 26th largest importer of Office Machine Parts in the world. At the same year, Office Machine Parts was the 14th most imported product in Hungary. Hungary imports Office Machine Parts primarily from: United States ($467M), China ($426M), Hong Kong ($238M), Netherlands ($213M), and Germany ($143M).

The fastest growing import markets in Office Machine Parts for Hungary between 2022 and 2023 were Hong Kong ($44.8M), China ($27.6M), and South Korea ($25.4M).

COMPANIES In 2024, leading companies such as Robert Bosch (1) were at the forefront of shipping Office Machine Parts 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 Office Machine 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)$1.47B
IMPORTS (2023)$2.18B
NET TRADE (2023)-$711M

In 2023, Hungary exported $1.47B in Office Machine Parts. The main destinations of Hungary exports on Office Machine Parts were Netherlands ($382M), Germany ($171M), United Kingdom ($131M), United States ($129M), and Romania ($42.9M).

In 2023, Hungary imported $2.18B in Office Machine Parts, mainly from United States ($467M), China ($426M), Hong Kong ($238M), Netherlands ($213M), and Germany ($143M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Office Machine Parts EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Ukraine$30.7M (3.08k%)
Canada$20.1M (351%)
United Kingdom$19.6M (17.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Office Machine Parts BY Hungary WERE (2022 - 2023):
Netherlands-$281M (-42.4%)
Australia-$40.7M (-80.5%)
Switzerland-$40.1M (-76%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Office Machine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $24.6M
TOP IMPORT POTENTIALChina+ $94.6M

Office Machine Parts’s highest export potential is United States. With an export gap of $24.6M.   Office Machine Parts’s highest import potential is China with an import gap of $94.6M.

See methodology.

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