2022
Exports
$7.61MWorld Rnk 67 / 192
Flag Rnk 592 / 1206
2022
PRODUCT COMPLEXITY IN Packing Bags
-1.76Rnk 978 / 1025
2022
Imports
$33.4MWorld Rnk 42 / 223
Flag Rnk 453 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $7.61M in Packing Bags, making it the 67th largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 592nd most exported product in Hungary. The main destination of Packing Bags exports from Hungary are: Spain ($1.71M), France ($958k), Austria ($798k), Belgium ($759k), and Germany ($610k).

The fastest growing export markets for Packing Bags of Hungary between 2021 and 2022 were Spain ($310k), Austria ($165k), and South Africa ($119k).

Imports In 2022, Hungary imported $33.4M in Packing Bags, becoming the 42nd largest importer of Packing Bags in the world. At the same year, Packing Bags was the 453rd most imported product in Hungary. Hungary imports Packing Bags primarily from: United Kingdom ($7.44M), Romania ($5.54M), Ukraine ($3.05M), Germany ($2.94M), and Bangladesh ($2.3M).

The fastest growing import markets in Packing Bags for Hungary between 2021 and 2022 were United Kingdom ($7.19M), Germany ($1.44M), and Slovakia ($469k).

Latest Trends

Jul 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 Packing Bags. 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)$7.61M
IMPORTS (2022)$33.4M
NET TRADE (2022)-$25.8M

In 2022, Hungary exported $7.61M in Packing Bags. The main destinations of Hungary exports on Packing Bags were Spain ($1.71M), France ($958k), Austria ($798k), Belgium ($759k), and Germany ($610k).

In 2022, Hungary imported $33.4M in Packing Bags, mainly from United Kingdom ($7.44M), Romania ($5.54M), Ukraine ($3.05M), Germany ($2.94M), and Bangladesh ($2.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Spain$310k (22.1%)
Austria$165k (26%)
South Africa$119k (42.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Hungary WERE (2021 - 2022):
France-$419k (-30.4%)
Germany-$342k (-36%)
Romania-$285k (-69.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Packing Bags were:
China $1.74B
India $1.39B
In 2022, Hungary's main importing competitors in Packing Bags were:

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $490k
TOP IMPORT POTENTIALChina+ $1.7M

Packing Bags’s highest export potential is Germany. With an export gap of $490k.   Packing Bags’s highest import potential is China with an import gap of $1.7M.

See methodology.

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