2022
Exports
$191MWorld Rnk 2 / 174
Flag Rnk 140 / 1206
2022
PRODUCT COMPLEXITY IN Other Leather Articles
-0.11Rnk 585 / 1025
2022
Imports
$56.1MWorld Rnk 13 / 210
Flag Rnk 351 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $191M in Other Leather Articles, making it the 2nd largest exporter of Other Leather Articles in the world. At the same year, Other Leather Articles was the 140th most exported product in Hungary. The main destination of Other Leather Articles exports from Hungary are: Romania ($39M), North Macedonia ($29.5M), Serbia ($25.3M), Moldova ($17M), and Poland ($16.6M).

The fastest growing export markets for Other Leather Articles of Hungary between 2021 and 2022 were North Macedonia ($8.83M), Morocco ($5.78M), and Italy ($2.76M).

Imports In 2022, Hungary imported $56.1M in Other Leather Articles, becoming the 13th largest importer of Other Leather Articles in the world. At the same year, Other Leather Articles was the 351st most imported product in Hungary. Hungary imports Other Leather Articles primarily from: Italy ($12.8M), Slovenia ($9.38M), South Africa ($9.24M), Croatia ($9.18M), and Belgium ($5.94M).

The fastest growing import markets in Other Leather Articles for Hungary between 2021 and 2022 were South Africa ($5.73M), Belgium ($3.23M), and Serbia ($1.61M).

Latest Trends

May 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 (2022)$191M
IMPORTS (2022)$56.1M
NET TRADE (2022)$135M

In 2022, Hungary exported $191M in Other Leather Articles. The main destinations of Hungary exports on Other Leather Articles were Romania ($39M), North Macedonia ($29.5M), Serbia ($25.3M), Moldova ($17M), and Poland ($16.6M).

In 2022, Hungary imported $56.1M in Other Leather Articles, mainly from Italy ($12.8M), Slovenia ($9.38M), South Africa ($9.24M), Croatia ($9.18M), and Belgium ($5.94M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Leather Articles EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
North Macedonia$8.83M (42.8%)
Morocco$5.78M (133%)
Italy$2.76M (2.22k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Leather Articles BY Hungary WERE (2021 - 2022):
Romania-$11.6M (-22.9%)
Serbia-$5.76M (-18.6%)
Bosnia and Herzegovina-$4.87M (-50.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Other Leather Articles were:
China $570M
Italy $173M
In 2022, 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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