2023
Exports
$604MWorld Rnk 8 / 203
Flag Rnk 49 / 1203
2023
PRODUCT COMPLEXITY IN Other Domestic Electric Housewares
0.99Rnk 181 / 1025
2023
Imports
$373MWorld Rnk 17 / 223
Flag Rnk 79 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $604M in Other Domestic Electric Housewares, making it the 8th largest exporter of Other Domestic Electric Housewares in the world. At the same year, Other Domestic Electric Housewares was the 49th most exported product in Hungary. The main destination of Other Domestic Electric Housewares exports from Hungary are: Germany ($340M), United Kingdom ($25.4M), Italy ($19.7M), Spain ($19.1M), and Sweden ($19.1M).

The fastest growing export markets for Other Domestic Electric Housewares of Hungary between 2022 and 2023 were Greece ($12.4M), Spain ($12.3M), and Sweden ($3.96M).

Imports In 2023, Hungary imported $373M in Other Domestic Electric Housewares, becoming the 17th largest importer of Other Domestic Electric Housewares in the world. At the same year, Other Domestic Electric Housewares was the 79th most imported product in Hungary. Hungary imports Other Domestic Electric Housewares primarily from: Germany ($183M), China ($61.4M), Poland ($36.3M), Czechia ($21.2M), and Hong Kong ($13.7M).

The fastest growing import markets in Other Domestic Electric Housewares for Hungary between 2022 and 2023 were Poland ($9.96M), Indonesia ($5.25M), and Bulgaria ($1.42M).

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 Other Domestic Electric Housewares. 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)$604M
IMPORTS (2023)$373M
NET TRADE (2023)$231M

In 2023, Hungary exported $604M in Other Domestic Electric Housewares. The main destinations of Hungary exports on Other Domestic Electric Housewares were Germany ($340M), United Kingdom ($25.4M), Italy ($19.7M), Spain ($19.1M), and Sweden ($19.1M).

In 2023, Hungary imported $373M in Other Domestic Electric Housewares, mainly from Germany ($183M), China ($61.4M), Poland ($36.3M), Czechia ($21.2M), and Hong Kong ($13.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Domestic Electric Housewares EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Greece$12.4M (323%)
Spain$12.3M (179%)
Sweden$3.96M (26.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Domestic Electric Housewares BY Hungary WERE (2022 - 2023):
Germany-$21.2M (-5.87%)
South Korea-$14.4M (-100%)
Italy-$4.6M (-18.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Other Domestic Electric Housewares were:
China $16.7B
Germany $2.36B
In 2023, Hungary's main importing competitors in Other Domestic Electric Housewares were:

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Trade Value of Other Domestic Electric Housewares by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $6.52M
TOP IMPORT POTENTIALChina+ $18.6M

Other Domestic Electric Housewares’s highest export potential is France. With an export gap of $6.52M.   Other Domestic Electric Housewares’s highest import potential is China with an import gap of $18.6M.

See methodology.

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