HS Icon Spark-Ignition Engines in  Flag Hungary

2020
Exports | Imports
: $2.67B | $570M, World Rnk 5 / 178
Flag Rnk 5 / 1200 | World Rnk 15 / 222
Flag Rnk 41 / 1207

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $167M | $12.9M, Spain |  Poland

2020
ECONOMIC COMPLEXITY of Hungary
: 1.4, Rnk 14 / 127

2020
PRODUCT COMPLEXITY  IN Spark-Ignition Engines
: 1.02, Rnk 166 / 1029

Exports In 2020, Hungary exported $2.67B in Spark-Ignition Engines, making it the 5th largest exporter of Spark-Ignition Engines in the world. At the same year, Spark-Ignition Engines was the 5th most exported product in Hungary. The main destination of Spark-Ignition Engines exports from Hungary are: Germany ($1.35B), Spain ($486M), Slovakia ($283M), Czechia ($235M), and Mexico ($104M).

The fastest growing export markets for Spark-Ignition Engines of Hungary between 2019 and 2020 were Spain ($167M), Russia ($30.8M), and Mexico ($28M).

Imports In 2020, Hungary imported $570M in Spark-Ignition Engines, becoming the 15th largest importer of Spark-Ignition Engines in the world. At the same year, Spark-Ignition Engines was the 41st most imported product in Hungary. Hungary imports Spark-Ignition Engines primarily from: Germany ($362M), Japan ($132M), Poland ($49.3M), China ($6.06M), and United States ($5.21M).

The fastest growing import markets in Spark-Ignition Engines for Hungary between 2019 and 2020 were Poland ($12.9M), France ($1.29M), and Thailand ($1M).

Subnational Monthly Trade

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The following visualization shows the latest trends on Spark-Ignition Engines. 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

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EXPORTS (2020): $2.67B

IMPORTS (2020): $570M

NET TRADE (2020): $2.1B

In 2020, Hungary exported $2.67B in Spark-Ignition Engines. The main destinations of Hungary exports on Spark-Ignition Engines were Germany ($1.35B), Spain ($486M), Slovakia ($283M), Czechia ($235M), and Mexico ($104M).

In 2020, Hungary imported $570M in Spark-Ignition Engines, mainly from Germany ($362M), Japan ($132M), Poland ($49.3M), China ($6.06M), and United States ($5.21M).

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THE FASTEST GROWING Spark-Ignition Engines EXPORT MARKETS FOR Hungary WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spark-Ignition Engines BY Hungary WERE (2019 - 2020):

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Market Concentration

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In 2020, Hungary's main exporting competitors in Spark-Ignition Engines were:

In 2020, Hungary's main importing competitors in Spark-Ignition Engines were:

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