2023
Exports
$154MWorld Rnk 4 / 167
Flag Rnk 158 / 1203
2023
PRODUCT COMPLEXITY IN Other Leather Articles
-0.046Rnk 575 / 1025
2023
Imports
$36.1MWorld Rnk 18 / 207
Flag Rnk 421 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $154M in Other Leather Articles, making it the 4th largest exporter of Other Leather Articles in the world. At the same year, Other Leather Articles was the 158th most exported product in Hungary. The main destination of Other Leather Articles exports from Hungary are: North Macedonia ($49.4M), Romania ($29.1M), Serbia ($17.9M), Poland ($12M), and Morocco ($9.09M).

The fastest growing export markets for Other Leather Articles of Hungary between 2022 and 2023 were North Macedonia ($21M), Serbia ($2.44M), and Czechia ($1.03M).

Imports In 2018, Hungary imported $36.1M in Other Leather Articles, becoming the 18th largest importer of Other Leather Articles in the world. At the same year, Other Leather Articles was the 421st most imported product in Hungary. Hungary imports Other Leather Articles primarily from: Croatia ($8.06M), Slovenia ($6.39M), South Africa ($5.05M), Czechia ($4.54M), and Germany ($3.02M).

The fastest growing import markets in Other Leather Articles for Hungary between 2022 and 2023 were Czechia ($3.2M), Serbia ($922k), and Austria ($115k).

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 Leather Articles. 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)$154M
IMPORTS (2023)$36.1M
NET TRADE (2023)$117M

In 2023, Hungary exported $154M in Other Leather Articles. The main destinations of Hungary exports on Other Leather Articles were North Macedonia ($49.4M), Romania ($29.1M), Serbia ($17.9M), Poland ($12M), and Morocco ($9.09M).

In 2023, Hungary imported $36.1M in Other Leather Articles, mainly from Croatia ($8.06M), Slovenia ($6.39M), South Africa ($5.05M), Czechia ($4.54M), and Germany ($3.02M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Leather Articles EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
North Macedonia$21M (73.7%)
Serbia$2.44M (15.7%)
Czechia$1.03M (26.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Leather Articles BY Hungary WERE (2022 - 2023):
Moldova-$5.92M (-39.8%)
South Korea-$4.53M (-75.7%)
Romania-$2.08M (-6.69%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Other Leather Articles were:
China $415M
Italy $204M
In 2023, Hungary's main importing competitors in Other Leather Articles were:

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Trade Value of Other Leather Articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $1.46M
TOP IMPORT POTENTIALSerbia+ $1.14M

Other Leather Articles’s highest export potential is Turkey. With an export gap of $1.46M.   Other Leather Articles’s highest import potential is Serbia with an import gap of $1.14M.

See methodology.

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