2022
Exports
$247MWorld Rnk 25 / 219
Flag Rnk 111 / 1206
2022
PRODUCT COMPLEXITY IN Ball Bearings
1.2Rnk 104 / 1025
2022
Imports
$305MWorld Rnk 32 / 220
Flag Rnk 99 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $247M in Ball Bearings, making it the 25th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 111th most exported product in Hungary. The main destination of Ball Bearings exports from Hungary are: Germany ($88.9M), India ($49M), Austria ($30.7M), Romania ($11.4M), and China ($9.35M).

The fastest growing export markets for Ball Bearings of Hungary between 2021 and 2022 were India ($30.3M), Austria ($2.45M), and Poland ($2.17M).

Imports In 2022, Hungary imported $305M in Ball Bearings, becoming the 32nd largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 99th most imported product in Hungary. Hungary imports Ball Bearings primarily from: Germany ($134M), China ($46.1M), France ($16.9M), Netherlands ($15.5M), and Italy ($15.1M).

The fastest growing import markets in Ball Bearings for Hungary between 2021 and 2022 were France ($4.35M), China ($4.01M), and Belgium ($1.55M).

Latest Trends

Aug 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 Ball Bearings. 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)$247M
IMPORTS (2022)$305M
NET TRADE (2022)-$58M

In 2022, Hungary exported $247M in Ball Bearings. The main destinations of Hungary exports on Ball Bearings were Germany ($88.9M), India ($49M), Austria ($30.7M), Romania ($11.4M), and China ($9.35M).

In 2022, Hungary imported $305M in Ball Bearings, mainly from Germany ($134M), China ($46.1M), France ($16.9M), Netherlands ($15.5M), and Italy ($15.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
India$30.3M (162%)
Austria$2.45M (8.65%)
Poland$2.17M (73%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Hungary WERE (2021 - 2022):
Germany-$12M (-11.9%)
China-$6.34M (-40.4%)
Russia-$1.69M (-76.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Ball Bearings were:
China $7.18B
Germany $5.05B
Japan $4.49B
In 2022, Hungary's main importing competitors in Ball Bearings were:

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Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $10.4M
TOP IMPORT POTENTIALChina+ $15.3M

Ball Bearings’s highest export potential is China. With an export gap of $10.4M.   Ball Bearings’s highest import potential is China with an import gap of $15.3M.

See methodology.

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