HS Icon Other Measuring Instruments in  Flag Hungary

2021
Exports | Imports
: $514M | $456M, World Rnk 18 / 215
Flag Rnk 59 / 1203 | World Rnk 27 / 224
Flag Rnk 62 / 1210

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $44.3M | $39.8M, Germany |  Germany

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

2021
PRODUCT COMPLEXITY IN Other Measuring Instruments
: 1.54, Rnk 45 / 1029

Exports In 2021, Hungary exported $514M in Other Measuring Instruments, making it the 18th largest exporter of Other Measuring Instruments in the world. At the same year, Other Measuring Instruments was the 59th most exported product in Hungary. The main destination of Other Measuring Instruments exports from Hungary are: Germany ($195M), China ($53.6M), United States ($34.9M), Italy ($21.3M), and Poland ($19M).

The fastest growing export markets for Other Measuring Instruments of Hungary between 2020 and 2021 were Germany ($44.3M), China ($26.6M), and United States ($11.1M).

Imports In 2021, Hungary imported $456M in Other Measuring Instruments, becoming the 27th largest importer of Other Measuring Instruments in the world. At the same year, Other Measuring Instruments was the 62nd most imported product in Hungary. Hungary imports Other Measuring Instruments primarily from: Germany ($168M), South Korea ($55M), Malta ($27.9M), Netherlands ($20.9M), and China ($20.9M).

The fastest growing import markets in Other Measuring Instruments for Hungary between 2020 and 2021 were Germany ($39.8M), South Korea ($34.3M), and Malta ($12.7M).

Tariffs In 2002, the average tariff for Hungary in Other Measuring Instruments was 6.58%. The countries with the highest import tariffs for Other Measuring Instruments were Angola (Most Favoured Nation duty rate treatment, 6.58%), Burundi (Most Favoured Nation duty rate treatment, 6.58%), Benin (Most Favoured Nation duty rate treatment, 6.58%), Burkina Faso (Most Favoured Nation duty rate treatment, 6.58%), and Botswana (Most Favoured Nation duty rate treatment, 6.58%).

Subnational Monthly Trade

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The following visualization shows the latest trends on Other Measuring Instruments. 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): $514M

IMPORTS (2021): $456M

NET TRADE (2021): $57.8M

In 2021, Hungary exported $514M in Other Measuring Instruments. The main destinations of Hungary exports on Other Measuring Instruments were Germany ($195M), China ($53.6M), United States ($34.9M), Italy ($21.3M), and Poland ($19M).

In 2021, Hungary imported $456M in Other Measuring Instruments, mainly from Germany ($168M), South Korea ($55M), Malta ($27.9M), Netherlands ($20.9M), and China ($20.9M).

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THE FASTEST GROWING Other Measuring Instruments EXPORT MARKETS FOR Hungary WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Measuring Instruments BY Hungary WERE (2020 - 2021):

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Market Concentration

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In 2021, Hungary's main exporting competitors in Other Measuring Instruments were:

In 2021, Hungary's main importing competitors in Other Measuring Instruments were:

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