2023
Exports
$596MWorld Rnk 19 / 216
Flag Rnk 50 / 1203
2023
PRODUCT COMPLEXITY IN Electric Heaters
0.45Rnk 380 / 1025
2023
Imports
$714MWorld Rnk 25 / 225
Flag Rnk 40 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $596M in Electric Heaters, making it the 19th largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 50th most exported product in Hungary. The main destination of Electric Heaters exports from Hungary are: Romania ($79.1M), Italy ($78.2M), United States ($35.6M), France ($35.5M), and Germany ($32M).

The fastest growing export markets for Electric Heaters of Hungary between 2022 and 2023 were Romania ($21.5M), Italy ($19.7M), and Brazil ($9.77M).

Imports In 2023, Hungary imported $714M in Electric Heaters, becoming the 25th largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 40th most imported product in Hungary. Hungary imports Electric Heaters primarily from: Ukraine ($216M), China ($105M), Romania ($97.5M), Germany ($46.6M), and North Macedonia ($44.1M).

The fastest growing import markets in Electric Heaters for Hungary between 2022 and 2023 were North Macedonia ($7.95M), Czechia ($2.04M), and United States ($1.09M).

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 Electric Heaters. 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)$596M
IMPORTS (2023)$714M
NET TRADE (2023)-$118M

In 2023, Hungary exported $596M in Electric Heaters. The main destinations of Hungary exports on Electric Heaters were Romania ($79.1M), Italy ($78.2M), United States ($35.6M), France ($35.5M), and Germany ($32M).

In 2023, Hungary imported $714M in Electric Heaters, mainly from Ukraine ($216M), China ($105M), Romania ($97.5M), Germany ($46.6M), and North Macedonia ($44.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Heaters EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Romania$21.5M (37.4%)
Italy$19.7M (33.6%)
Brazil$9.77M (187%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Heaters BY Hungary WERE (2022 - 2023):
United States-$15.8M (-30.8%)
Belgium-$14.1M (-67.2%)
Canada-$11.1M (-34.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Electric Heaters were:
Germany $4.19B
Italy $2.87B
In 2023, Hungary's main importing competitors in Electric Heaters were:

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Trade Value of Electric Heaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $42.5M
TOP IMPORT POTENTIALChina+ $62.1M

Electric Heaters’s highest export potential is United States. With an export gap of $42.5M.   Electric Heaters’s highest import potential is China with an import gap of $62.1M.

See methodology.

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