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Pricing

2022
Exports $2.08BWorld Rnk 15 / 223
Flag Rnk 13 / 1206
falsefalseN/A
2021 - 2022
FASTEST GROWING MARKETfalseItaly
2022
PRODUCT COMPLEXITY IN Electrical Transformers0.65Rnk 294 / 1025
2022
Imports $1.74BWorld Rnk 23 / 225
Flag Rnk 15 / 1210
2021 - 2022
FASTEST GROWING ORIGINfalseN/A
2022
ECONOMIC COMPLEXITY of Hungary1.38Rnk 14 / 133

About

The fastest growing export markets for Electrical Transformers of Hungary between 2021 and 2022 were Italy ($51.6M), Germany ($44M), and France ($36.9M).

Imports In 2022, Hungary imported $1.74B in Electrical Transformers, becoming the 23rd largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 15th most imported product in Hungary. Hungary imports Electrical Transformers primarily from: Germany ($484M), China ($301M), Hong Kong ($101M), Czechia ($98.4M), and Japan ($77.4M).

Latest Trends

Nov 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 Electrical Transformers. 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)$2.08B
IMPORTS (2022)$1.74B
NET TRADE (2022)$344M

In 2022, Hungary imported $1.74B in Electrical Transformers, mainly from Germany ($484M), China ($301M), Hong Kong ($101M), Czechia ($98.4M), and Japan ($77.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Italy$51.6M (143%)
Germany$44M (4.5%)
France$36.9M (35.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY Hungary WERE (2021 - 2022):
Singapore-$23.9M (-48%)
Czechia-$23.8M (-35.4%)
Chinese Taipei-$17.4M (-77.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Electrical Transformers were:
China $54.1B
Germany $12.2B
United States $6.63B
In 2022, Hungary's main importing competitors in Electrical Transformers were:
United States $23.5B
Germany $12.4B
China $9.37B

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Trade Value of Electrical Transformers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $97.6M
TOP IMPORT POTENTIALChina+ $117M

Electrical Transformers’s highest export potential is United States. With an export gap of $97.6M.   Electrical Transformers’s highest import potential is China with an import gap of $117M.

See methodology.

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