2022
Exports
$3.92BWorld Rnk 20 / 217
Flag Rnk 4 / 1206
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$3.01BWorld Rnk 28 / 224
Flag Rnk 8 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $3.92B in Packaged Medicaments, making it the 20th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most exported product in Hungary. The main destination of Packaged Medicaments exports from Hungary are: Romania ($608M), Poland ($365M), France ($275M), Czechia ($271M), and Russia ($253M).

The fastest growing export markets for Packaged Medicaments of Hungary between 2021 and 2022 were Slovenia ($206M), Poland ($71.6M), and Czechia ($67.5M).

Imports In 2022, Hungary imported $3.01B in Packaged Medicaments, becoming the 28th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 8th most imported product in Hungary. Hungary imports Packaged Medicaments primarily from: Germany ($705M), France ($349M), Belgium ($317M), Netherlands ($302M), and Italy ($158M).

The fastest growing import markets in Packaged Medicaments for Hungary between 2021 and 2022 were Poland ($44M), Netherlands ($26.4M), and Denmark ($25.5M).

Latest Trends

Apr 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 Packaged Medicaments. 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)$3.92B
IMPORTS (2022)$3.01B
NET TRADE (2022)$910M

In 2022, Hungary exported $3.92B in Packaged Medicaments. The main destinations of Hungary exports on Packaged Medicaments were Romania ($608M), Poland ($365M), France ($275M), Czechia ($271M), and Russia ($253M).

In 2022, Hungary imported $3.01B in Packaged Medicaments, mainly from Germany ($705M), France ($349M), Belgium ($317M), Netherlands ($302M), and Italy ($158M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Slovenia$206M (647%)
Poland$71.6M (24.4%)
Czechia$67.5M (33.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Hungary WERE (2021 - 2022):
Ukraine-$148M (-64.2%)
Italy-$78.8M (-40.2%)
Croatia-$69.3M (-34.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Packaged Medicaments were:
In 2022, Hungary's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

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