2023
Exports
$252MWorld Rnk 23 / 218
Flag Rnk 104 / 1203
2023
PRODUCT COMPLEXITY IN Ball Bearings
1.17Rnk 116 / 1025
2023
Imports
$326MWorld Rnk 31 / 221
Flag Rnk 86 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $252M in Ball Bearings, making it the 23rd largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 104th most exported product in Hungary. The main destination of Ball Bearings exports from Hungary are: Germany ($130M), Austria ($34.3M), Romania ($14.7M), United States ($12.8M), and Italy ($10.7M).

The fastest growing export markets for Ball Bearings of Hungary between 2022 and 2023 were Germany ($31.6M), Austria ($7.5M), and United States ($3.55M).

Imports In 2023, Hungary imported $326M in Ball Bearings, becoming the 31st largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 86th most imported product in Hungary. Hungary imports Ball Bearings primarily from: Germany ($155M), China ($45.9M), Poland ($16.8M), Italy ($12.7M), and United States ($11.6M).

The fastest growing import markets in Ball Bearings for Hungary between 2022 and 2023 were Germany ($21M), Austria ($5.01M), and United States ($4.14M).

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 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 (2023)$252M
IMPORTS (2023)$326M
NET TRADE (2023)-$74.3M

In 2023, Hungary exported $252M in Ball Bearings. The main destinations of Hungary exports on Ball Bearings were Germany ($130M), Austria ($34.3M), Romania ($14.7M), United States ($12.8M), and Italy ($10.7M).

In 2023, Hungary imported $326M in Ball Bearings, mainly from Germany ($155M), China ($45.9M), Poland ($16.8M), Italy ($12.7M), and United States ($11.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Germany$31.6M (32.1%)
Austria$7.5M (28%)
United States$3.55M (38.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Hungary WERE (2022 - 2023):
India-$12.3M (-93.8%)
China-$1.76M (-25.7%)
France-$1.25M (-22.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Ball Bearings were:
China $6.46B
Germany $5.01B
Japan $4.28B
In 2023, 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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