2023
Exports
$55.5MWorld Rnk 6 / 124
Flag Rnk 267 / 1203
2023
PRODUCT COMPLEXITY IN Tobacco Processing Machines
-0.1Rnk 589 / 1025
2023
Imports
$15.2MWorld Rnk 22 / 176
Flag Rnk 590 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $55.5M in Tobacco Processing Machines, making it the 6th largest exporter of Tobacco Processing Machines in the world. At the same year, Tobacco Processing Machines was the 267th most exported product in Hungary. The main destination of Tobacco Processing Machines exports from Hungary are: Germany ($15.8M), China ($7.59M), Malaysia ($3.88M), Philippines ($3.24M), and United States ($2.63M).

The fastest growing export markets for Tobacco Processing Machines of Hungary between 2022 and 2023 were China ($4.87M), Philippines ($3.12M), and Germany ($2.32M).

Imports In 2023, Hungary imported $15.2M in Tobacco Processing Machines, becoming the 22nd largest importer of Tobacco Processing Machines in the world. At the same year, Tobacco Processing Machines was the 590th most imported product in Hungary. Hungary imports Tobacco Processing Machines primarily from: Germany ($8.41M), Netherlands ($1.72M), Czechia ($935k), Italy ($844k), and Poland ($719k).

The fastest growing import markets in Tobacco Processing Machines for Hungary between 2022 and 2023 were Sweden ($457k), United Kingdom ($333k), and Turkey ($315k).

Latest Trends

Dec 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 Tobacco Processing Machines. 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 (2023)$55.5M
IMPORTS (2023)$15.2M
NET TRADE (2023)$40.3M

In 2023, Hungary exported $55.5M in Tobacco Processing Machines. The main destinations of Hungary exports on Tobacco Processing Machines were Germany ($15.8M), China ($7.59M), Malaysia ($3.88M), Philippines ($3.24M), and United States ($2.63M).

In 2023, Hungary imported $15.2M in Tobacco Processing Machines, mainly from Germany ($8.41M), Netherlands ($1.72M), Czechia ($935k), Italy ($844k), and Poland ($719k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tobacco Processing Machines EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
China$4.87M (179%)
Philippines$3.12M (2.55k%)
Germany$2.32M (17.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tobacco Processing Machines BY Hungary WERE (2022 - 2023):
South Korea-$4.6M (-100%)
Italy-$2.7M (-52.7%)
Poland-$1.92M (-64.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Tobacco Processing Machines were:
In 2023, Hungary's main importing competitors in Tobacco Processing Machines were:

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Trade Value of Tobacco Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.02M
TOP IMPORT POTENTIALPoland+ $295k

Tobacco Processing Machines’s highest export potential is China. With an export gap of $1.02M.   Tobacco Processing Machines’s highest import potential is Poland with an import gap of $295k.

See methodology.

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