2022
Exports
$13.7MWorld Rnk 34 / 198
Flag Rnk 491 / 1206
2022
PRODUCT COMPLEXITY IN Scales
0.96Rnk 184 / 1025
2022
Imports
$28.8MWorld Rnk 37 / 220
Flag Rnk 484 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $13.7M in Scales, making it the 34th largest exporter of Scales in the world. At the same year, Scales was the 491st most exported product in Hungary. The main destination of Scales exports from Hungary are: United Kingdom ($3.56M), Italy ($2.16M), Germany ($1.89M), Serbia ($660k), and Romania ($529k).

The fastest growing export markets for Scales of Hungary between 2021 and 2022 were Italy ($1.99M), Serbia ($463k), and Netherlands ($306k).

Imports In 2022, Hungary imported $28.8M in Scales, becoming the 37th largest importer of Scales in the world. At the same year, Scales was the 484th most imported product in Hungary. Hungary imports Scales primarily from: Germany ($8.22M), China ($4.5M), Netherlands ($1.99M), Denmark ($1.91M), and Sri Lanka ($1.86M).

The fastest growing import markets in Scales for Hungary between 2021 and 2022 were Denmark ($1.67M), Japan ($693k), and Hong Kong ($474k).

Latest Trends

Jul 2024

Subnational Monthly Trade

View
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 Scales. 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)$13.7M
IMPORTS (2022)$28.8M
NET TRADE (2022)-$15.1M

In 2022, Hungary exported $13.7M in Scales. The main destinations of Hungary exports on Scales were United Kingdom ($3.56M), Italy ($2.16M), Germany ($1.89M), Serbia ($660k), and Romania ($529k).

In 2022, Hungary imported $28.8M in Scales, mainly from Germany ($8.22M), China ($4.5M), Netherlands ($1.99M), Denmark ($1.91M), and Sri Lanka ($1.86M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scales EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Italy$1.99M (1.18k%)
Serbia$463k (235%)
Netherlands$306k (156%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scales BY Hungary WERE (2021 - 2022):
United States-$678k (-60.3%)
Czechia-$567k (-80.4%)
United Kingdom-$542k (-13.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Hungary's main exporting competitors in Scales were:
China $1.91B
Japan $297M
In 2022, Hungary's main importing competitors in Scales were:

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Trade Value of Scales by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.04M
TOP IMPORT POTENTIALChina+ $2.2M

Scales’s highest export potential is United States. With an export gap of $1.04M.   Scales’s highest import potential is China with an import gap of $2.2M.

See methodology.

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