2023
Exports
$2.13MWorld Rnk 47 / 196
Flag Rnk 774 / 1203
2023
PRODUCT COMPLEXITY IN Wrenches
1.5Rnk 44 / 1025
2023
Imports
$17.7MWorld Rnk 44 / 221
Flag Rnk 563 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $2.13M in Wrenches, making it the 47th largest exporter of Wrenches in the world. At the same year, Wrenches was the 774th most exported product in Hungary. The main destination of Wrenches exports from Hungary are: Romania ($629k), Germany ($278k), Poland ($127k), Austria ($125k), and United States ($108k).

The fastest growing export markets for Wrenches of Hungary between 2022 and 2023 were Turkey ($59.1k), Slovenia ($39.8k), and Slovakia ($34.4k).

Imports In 2023, Hungary imported $17.7M in Wrenches, becoming the 44th largest importer of Wrenches in the world. At the same year, Wrenches was the 563rd most imported product in Hungary. Hungary imports Wrenches primarily from: Germany ($5.3M), China ($4.11M), Poland ($2.16M), Austria ($1.13M), and Chinese Taipei ($627k).

The fastest growing import markets in Wrenches for Hungary between 2022 and 2023 were Poland ($1.23M), China ($800k), and Greece ($506k).

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 Wrenches. 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)$2.13M
IMPORTS (2023)$17.7M
NET TRADE (2023)-$15.5M

In 2023, Hungary exported $2.13M in Wrenches. The main destinations of Hungary exports on Wrenches were Romania ($629k), Germany ($278k), Poland ($127k), Austria ($125k), and United States ($108k).

In 2023, Hungary imported $17.7M in Wrenches, mainly from Germany ($5.3M), China ($4.11M), Poland ($2.16M), Austria ($1.13M), and Chinese Taipei ($627k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Turkey$59.1k (169%)
Slovenia$39.8k (694%)
Slovakia$34.4k (109%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Hungary WERE (2022 - 2023):
Romania-$576k (-47.8%)
United States-$69.2k (-39.1%)
Spain-$43.6k (-93%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Wrenches were:
In 2023, Hungary's main importing competitors in Wrenches were:

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Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $216k
TOP IMPORT POTENTIALChina+ $1.37M

Wrenches’s highest export potential is Germany. With an export gap of $216k.   Wrenches’s highest import potential is China with an import gap of $1.37M.

See methodology.

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