2022
Exports
$4.3MWorld Rnk 29 / 166
Flag Rnk 688 / 1206
2022
PRODUCT COMPLEXITY IN Soldering and Welding Machinery
1.33Rnk 87 / 1025
2022
Imports
$7.45MWorld Rnk 37 / 214
Flag Rnk 752 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $4.3M in Soldering and Welding Machinery, making it the 29th largest exporter of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 688th most exported product in Hungary. The main destination of Soldering and Welding Machinery exports from Hungary are: United States ($2.07M), Germany ($635k), Tunisia ($327k), Serbia ($259k), and Turkey ($237k).

The fastest growing export markets for Soldering and Welding Machinery of Hungary between 2021 and 2022 were Germany ($479k), Tunisia ($323k), and Turkey ($193k).

Imports In 2022, Hungary imported $7.45M in Soldering and Welding Machinery, becoming the 37th largest importer of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 752nd most imported product in Hungary. Hungary imports Soldering and Welding Machinery primarily from: Germany ($2.19M), Austria ($1.34M), Slovenia ($1.1M), China ($474k), and United Kingdom ($470k).

The fastest growing import markets in Soldering and Welding Machinery for Hungary between 2021 and 2022 were Germany ($1.11M), Slovenia ($1.05M), and Spain ($205k).

Latest Trends

Aug 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 Soldering and Welding Machinery. 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)$4.3M
IMPORTS (2022)$7.45M
NET TRADE (2022)-$3.15M

In 2022, Hungary exported $4.3M in Soldering and Welding Machinery. The main destinations of Hungary exports on Soldering and Welding Machinery were United States ($2.07M), Germany ($635k), Tunisia ($327k), Serbia ($259k), and Turkey ($237k).

In 2022, Hungary imported $7.45M in Soldering and Welding Machinery, mainly from Germany ($2.19M), Austria ($1.34M), Slovenia ($1.1M), China ($474k), and United Kingdom ($470k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soldering and Welding Machinery EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Germany$479k (308%)
Tunisia$323k (8.59k%)
Turkey$193k (441%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soldering and Welding Machinery BY Hungary WERE (2021 - 2022):
Austria-$545k (-86.7%)
United States-$505k (-19.6%)
Poland-$234k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Soldering and Welding Machinery were:
In 2022, Hungary's main importing competitors in Soldering and Welding Machinery were:

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Trade Value of Soldering and Welding Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $214k
TOP IMPORT POTENTIALChina+ $370k

Soldering and Welding Machinery’s highest export potential is Germany. With an export gap of $214k.   Soldering and Welding Machinery’s highest import potential is China with an import gap of $370k.

See methodology.

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