2022
Exports
$83.4MWorld Rnk 22 / 118
Flag Rnk 224 / 1206
2022
PRODUCT COMPLEXITY IN Aluminium Wire
-0.75Rnk 770 / 1025
2022
Imports
$97.6MWorld Rnk 16 / 195
Flag Rnk 248 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $83.4M in Aluminium Wire, making it the 22nd largest exporter of Aluminium Wire in the world. At the same year, Aluminium Wire was the 224th most exported product in Hungary. The main destination of Aluminium Wire exports from Hungary are: Romania ($12.2M), Slovakia ($11.7M), Bosnia and Herzegovina ($9.68M), Austria ($9.66M), and Germany ($8.13M).

The fastest growing export markets for Aluminium Wire of Hungary between 2021 and 2022 were Bosnia and Herzegovina ($5.51M), Switzerland ($2.55M), and Serbia ($970k).

Imports In 2022, Hungary imported $97.6M in Aluminium Wire, becoming the 16th largest importer of Aluminium Wire in the world. At the same year, Aluminium Wire was the 248th most imported product in Hungary. Hungary imports Aluminium Wire primarily from: Romania ($28.4M), Oman ($15.3M), Netherlands ($12.2M), Russia ($11.1M), and Italy ($8.01M).

The fastest growing import markets in Aluminium Wire for Hungary between 2021 and 2022 were Oman ($15.3M), Turkey ($7.77M), and Italy ($4.27M).

Latest Trends

Oct 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 Aluminium Wire. 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)$83.4M
IMPORTS (2022)$97.6M
NET TRADE (2022)-$14.2M

In 2022, Hungary exported $83.4M in Aluminium Wire. The main destinations of Hungary exports on Aluminium Wire were Romania ($12.2M), Slovakia ($11.7M), Bosnia and Herzegovina ($9.68M), Austria ($9.66M), and Germany ($8.13M).

In 2022, Hungary imported $97.6M in Aluminium Wire, mainly from Romania ($28.4M), Oman ($15.3M), Netherlands ($12.2M), Russia ($11.1M), and Italy ($8.01M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Aluminium Wire EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Switzerland$2.55M (122%)
Serbia$970k (58.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Aluminium Wire BY Hungary WERE (2021 - 2022):
Austria-$4.53M (-31.9%)
Italy-$2.94M (-41.9%)
Slovenia-$671k (-30.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Aluminium Wire were:
In 2022, Hungary's main importing competitors in Aluminium Wire were:

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Trade Value of Aluminium Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.67M
TOP IMPORT POTENTIALRussia+ $2.23M

Aluminium Wire’s highest export potential is United States. With an export gap of $2.67M.   Aluminium Wire’s highest import potential is Russia with an import gap of $2.23M.

See methodology.

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