2022
Exports
$1.67BWorld Rnk 22 / 226
Flag Rnk 16 / 1206
2022
PRODUCT COMPLEXITY IN Office Machine Parts
1.32Rnk 90 / 1025
2022
Imports
$2.48BWorld Rnk 23 / 224
Flag Rnk 11 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $1.67B in Office Machine Parts, making it the 22nd largest exporter of Office Machine Parts in the world. At the same year, Office Machine Parts was the 16th most exported product in Hungary. The main destination of Office Machine Parts exports from Hungary are: Netherlands ($427M), United States ($153M), Germany ($143M), United Kingdom ($81.3M), and Japan ($58.2M).

The fastest growing export markets for Office Machine Parts of Hungary between 2021 and 2022 were Netherlands ($55.8M), Australia ($35.8M), and Japan ($13.9M).

Imports In 2022, Hungary imported $2.48B in Office Machine Parts, becoming the 23rd largest importer of Office Machine Parts in the world. At the same year, Office Machine Parts was the 11th most imported product in Hungary. Hungary imports Office Machine Parts primarily from: United States ($454M), Netherlands ($451M), China ($416M), Germany ($230M), and Hong Kong ($194M).

The fastest growing import markets in Office Machine Parts for Hungary between 2021 and 2022 were Netherlands ($293M), Hong Kong ($110M), and Slovakia ($20.8M).

Latest Trends

Aug 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 (2022)$1.67B
IMPORTS (2022)$2.48B
NET TRADE (2022)-$814M

In 2022, Hungary exported $1.67B in Office Machine Parts. The main destinations of Hungary exports on Office Machine Parts were Netherlands ($427M), United States ($153M), Germany ($143M), United Kingdom ($81.3M), and Japan ($58.2M).

In 2022, Hungary imported $2.48B in Office Machine Parts, mainly from United States ($454M), Netherlands ($451M), China ($416M), Germany ($230M), and Hong Kong ($194M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Office Machine Parts EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Netherlands$55.8M (15%)
Australia$35.8M (233%)
Japan$13.9M (31.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Office Machine Parts BY Hungary WERE (2021 - 2022):
Russia-$21.4M (-98.2%)
China-$18.3M (-30.1%)
Norway-$14.7M (-71.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Office Machine Parts were:
In 2022, 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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