2023
Exports
$684MWorld Rnk 18 / 214
Flag Rnk 43 / 1203
2023
PRODUCT COMPLEXITY IN Other Measuring Instruments
1.75Rnk 17 / 1025
2023
Imports
$425MWorld Rnk 29 / 224
Flag Rnk 68 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $684M 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 43rd most exported product in Hungary. The main destination of Other Measuring Instruments exports from Hungary are: Germany ($284M), China ($71.1M), United States ($50.2M), Portugal ($40.3M), and Italy ($31.1M).

The fastest growing export markets for Other Measuring Instruments of Hungary between 2022 and 2023 were Germany ($87.8M), Spain ($15.6M), and Czechia ($11.5M).

Imports In 2023, Hungary imported $425M in Other Measuring Instruments, becoming the 29th largest importer of Other Measuring Instruments in the world. At the same year, Other Measuring Instruments was the 68th most imported product in Hungary. Hungary imports Other Measuring Instruments primarily from: Germany ($153M), South Korea ($51.7M), China ($28.4M), Malta ($25M), and Czechia ($19.3M).

The fastest growing import markets in Other Measuring Instruments for Hungary between 2022 and 2023 were China ($8.89M), Japan ($6.84M), and Spain ($5.27M).

COMPANIES In 2024, leading companies such as Robert Bosch (23) were at the forefront of shipping Other Measuring Instruments from Hungary to the United States.

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 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

Trade Balance

Color
EXPORTS (2023)$684M
IMPORTS (2023)$425M
NET TRADE (2023)$259M

In 2023, Hungary exported $684M in Other Measuring Instruments. The main destinations of Hungary exports on Other Measuring Instruments were Germany ($284M), China ($71.1M), United States ($50.2M), Portugal ($40.3M), and Italy ($31.1M).

In 2023, Hungary imported $425M in Other Measuring Instruments, mainly from Germany ($153M), South Korea ($51.7M), China ($28.4M), Malta ($25M), and Czechia ($19.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Measuring Instruments EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Germany$87.8M (44.9%)
Spain$15.6M (373%)
Czechia$11.5M (183%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Measuring Instruments BY Hungary WERE (2022 - 2023):
Austria-$21M (-62.9%)
South Korea-$13.9M (-89%)
Slovakia-$8.28M (-52.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Other Measuring Instruments were:
In 2023, Hungary's main importing competitors in Other Measuring Instruments were:

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Trade Value of Other Measuring Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $39.5M
TOP IMPORT POTENTIALChina+ $14.1M

Other Measuring Instruments’s highest export potential is China. With an export gap of $39.5M.   Other Measuring Instruments’s highest import potential is China with an import gap of $14.1M.

See methodology.

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