2023
Exports
$55.1MWorld Rnk 27 / 197
Flag Rnk 270 / 1203
2023
PRODUCT COMPLEXITY IN Electric Soldering Equipment
1.73Rnk 19 / 1025
2023
Imports
$188MWorld Rnk 19 / 224
Flag Rnk 137 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $55.1M in Electric Soldering Equipment, making it the 27th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 270th most exported product in Hungary. The main destination of Electric Soldering Equipment exports from Hungary are: Austria ($31.6M), Germany ($4.61M), Romania ($2.57M), United States ($2M), and Switzerland ($1.99M).

The fastest growing export markets for Electric Soldering Equipment of Hungary between 2022 and 2023 were Austria ($4.77M), Croatia ($1.07M), and Philippines ($484k).

Imports In 2023, Hungary imported $188M in Electric Soldering Equipment, becoming the 19th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 137th most imported product in Hungary. Hungary imports Electric Soldering Equipment primarily from: Germany ($65.7M), South Korea ($56.2M), China ($21.8M), Austria ($9.01M), and Italy ($4.75M).

The fastest growing import markets in Electric Soldering Equipment for Hungary between 2022 and 2023 were South Korea ($44.2M), China ($6.69M), and Germany ($5.52M).

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 Soldering Equipment. 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)$55.1M
IMPORTS (2023)$188M
NET TRADE (2023)-$133M

In 2023, Hungary exported $55.1M in Electric Soldering Equipment. The main destinations of Hungary exports on Electric Soldering Equipment were Austria ($31.6M), Germany ($4.61M), Romania ($2.57M), United States ($2M), and Switzerland ($1.99M).

In 2023, Hungary imported $188M in Electric Soldering Equipment, mainly from Germany ($65.7M), South Korea ($56.2M), China ($21.8M), Austria ($9.01M), and Italy ($4.75M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Austria$4.77M (17.7%)
Croatia$1.07M (216%)
Philippines$484k (24.4k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Hungary WERE (2022 - 2023):
China-$4.26M (-91.1%)
Germany-$2.51M (-35.3%)
Thailand-$1.39M (-97.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Electric Soldering Equipment were:
In 2023, Hungary's main importing competitors in Electric Soldering Equipment were:

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Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $3.47M
TOP IMPORT POTENTIALChina+ $7.91M

Electric Soldering Equipment’s highest export potential is China. With an export gap of $3.47M.   Electric Soldering Equipment’s highest import potential is China with an import gap of $7.91M.

See methodology.

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