2022
Exports
$12.4MWorld Rnk 38 / 179
Flag Rnk 506 / 1206
2022
PRODUCT COMPLEXITY IN Compasses
0.89Rnk 212 / 1025
2022
Imports
$5.42MWorld Rnk 68 / 211
Flag Rnk 808 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $12.4M in Compasses, making it the 38th largest exporter of Compasses in the world. At the same year, Compasses was the 506th most exported product in Hungary. The main destination of Compasses exports from Hungary are: United States ($4.7M), Australia ($1.43M), United Kingdom ($1.28M), Ireland ($737k), and Norway ($530k).

The fastest growing export markets for Compasses of Hungary between 2021 and 2022 were United Kingdom ($1.17M), Ireland ($737k), and Australia ($459k).

Imports In 2022, Hungary imported $5.42M in Compasses, becoming the 68th largest importer of Compasses in the world. At the same year, Compasses was the 808th most imported product in Hungary. Hungary imports Compasses primarily from: United States ($881k), Germany ($829k), Netherlands ($637k), Poland ($465k), and Italy ($464k).

The fastest growing import markets in Compasses for Hungary between 2021 and 2022 were Italy ($401k), United States ($311k), and Poland ($277k).

Latest Trends

Jul 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 Compasses. 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)$12.4M
IMPORTS (2022)$5.42M
NET TRADE (2022)$6.96M

In 2022, Hungary exported $12.4M in Compasses. The main destinations of Hungary exports on Compasses were United States ($4.7M), Australia ($1.43M), United Kingdom ($1.28M), Ireland ($737k), and Norway ($530k).

In 2022, Hungary imported $5.42M in Compasses, mainly from United States ($881k), Germany ($829k), Netherlands ($637k), Poland ($465k), and Italy ($464k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
United Kingdom$1.17M (984%)
Ireland$737k (1%)
Australia$459k (47.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY Hungary WERE (2021 - 2022):
Austria-$377k (-99.7%)
Latvia-$193k (-100%)
Norway-$191k (-26.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Compasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.49M
TOP IMPORT POTENTIALUnited States+ $519k

Compasses’s highest export potential is United States. With an export gap of $1.49M.   Compasses’s highest import potential is United States with an import gap of $519k.

See methodology.

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