2023
Exports
$450kWorld Rnk 32 / 131
Flag Rnk 962 / 1203
2023
Imports
$970kWorld Rnk 57 / 193
Flag Rnk 1003 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $450k in Balances, making it the 32nd largest exporter of Balances in the world. At the same year, Balances was the 962nd most exported product in Hungary. The main destination of Balances exports from Hungary are: Serbia ($112k), Greece ($57.2k), United States ($46k), Poland ($39.6k), and United Kingdom ($28.9k).

The fastest growing export markets for Balances of Hungary between 2022 and 2023 were Poland ($33.5k), United Kingdom ($28.9k), and Italy ($25.9k).

Imports In 2023, Hungary imported $970k in Balances, becoming the 57th largest importer of Balances in the world. At the same year, Balances was the 1003rd most imported product in Hungary. Hungary imports Balances primarily from: N/A.

The fastest growing import markets in Balances for Hungary between 2022 and 2023 were Poland ($116k), Netherlands ($96.6k), and Switzerland ($73.9k).

Latest Trends

Jan 2025

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 Balances. 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)$450k
IMPORTS (2023)$970k
NET TRADE (2023)-$520k

In 2023, Hungary exported $450k in Balances. The main destinations of Hungary exports on Balances were Serbia ($112k), Greece ($57.2k), United States ($46k), Poland ($39.6k), and United Kingdom ($28.9k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Balances EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Poland$33.5k (552%)
United Kingdom$28.9k (1%)
Italy$25.9k (985%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Balances BY Hungary WERE (2022 - 2023):
Czechia-$408k (-99.7%)
Kazakhstan-$58.6k (-94%)
China-$57.2k (-75.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Balances by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $55.4k
TOP IMPORT POTENTIALChina+ $86k

Balances’s highest export potential is China. With an export gap of $55.4k.   Balances’s highest import potential is China with an import gap of $86k.

See methodology.

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