HS Icon Office Machine Parts in  Flag Hungary

2021
Exports | Imports
: $1.51B | $2.34B, World Rnk 21 / 226
Flag Rnk 17 / 1203 | World Rnk 26 / 225
Flag Rnk 9 / 1210

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $30.6M | $233M, Germany |  United States

2021
ECONOMIC COMPLEXITY of Hungary
: 1.36, Rnk 14 / 131

2021
PRODUCT COMPLEXITY IN Office Machine Parts
: 1.51, Rnk 46 / 1029

Exports In 2021, Hungary exported $1.51B in Office Machine Parts, making it the 21st largest exporter of Office Machine Parts in the world. At the same year, Office Machine Parts was the 17th most exported product in Hungary. The main destination of Office Machine Parts exports from Hungary are: Netherlands ($369M), United States ($159M), Germany ($147M), United Kingdom ($69.6M), and China ($60.9M).

The fastest growing export markets for Office Machine Parts of Hungary between 2020 and 2021 were Germany ($30.6M), Japan ($21.2M), and United Kingdom ($20.5M).

Imports In 2021, Hungary imported $2.34B 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 9th most imported product in Hungary. Hungary imports Office Machine Parts primarily from: China ($509M), United States ($456M), Germany ($332M), Netherlands ($161M), and Malaysia ($100M).

The fastest growing import markets in Office Machine Parts for Hungary between 2020 and 2021 were United States ($233M), Germany ($68.2M), and Malaysia ($34.4M).

Tariffs In 2002, the average tariff for Hungary in Office Machine Parts was 0.56%. The countries with the highest import tariffs for Office Machine Parts were Angola (Most Favoured Nation duty rate treatment, 0.56%), Burundi (Most Favoured Nation duty rate treatment, 0.56%), Benin (Most Favoured Nation duty rate treatment, 0.56%), Burkina Faso (Most Favoured Nation duty rate treatment, 0.56%), and Botswana (Most Favoured Nation duty rate treatment, 0.56%).

Mar 2023

Subnational Monthly Trade

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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

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EXPORTS (2021): $1.51B

IMPORTS (2021): $2.34B

NET TRADE (2021): -$832M

In 2021, Hungary exported $1.51B in Office Machine Parts. The main destinations of Hungary exports on Office Machine Parts were Netherlands ($369M), United States ($159M), Germany ($147M), United Kingdom ($69.6M), and China ($60.9M).

In 2021, Hungary imported $2.34B in Office Machine Parts, mainly from China ($509M), United States ($456M), Germany ($332M), Netherlands ($161M), and Malaysia ($100M).

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Flow

THE FASTEST GROWING Office Machine Parts EXPORT MARKETS FOR Hungary WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Office Machine Parts BY Hungary WERE (2020 - 2021):

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Market Concentration

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In 2021, Hungary's main exporting competitors in Office Machine Parts were:

In 2021, Hungary's main importing competitors in Office Machine Parts were:

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