2023
Exports
$2.61BWorld Rnk 14 / 223
Flag Rnk 10 / 1203
2023
PRODUCT COMPLEXITY IN Electrical Transformers
0.68Rnk 293 / 1025
2023
Imports
$1.76BWorld Rnk 26 / 225
Flag Rnk 18 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $2.61B in Electrical Transformers, making it the 14th largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 10th most exported product in Hungary. The main destination of Electrical Transformers exports from Hungary are: Germany ($1.18B), China ($352M), France ($167M), Netherlands ($110M), and United States ($97.8M).

The fastest growing export markets for Electrical Transformers of Hungary between 2022 and 2023 were China ($267M), Germany ($177M), and Hong Kong ($28.1M).

Imports In 2023, Hungary imported $1.76B in Electrical Transformers, becoming the 26th largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 18th most imported product in Hungary. Hungary imports Electrical Transformers primarily from: Germany ($472M), China ($300M), Japan ($116M), Hong Kong ($89.5M), and Thailand ($85M).

The fastest growing import markets in Electrical Transformers for Hungary between 2022 and 2023 were Germany ($35.9M), Japan ($20.5M), and Israel ($13.3M).

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 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 (2023)$2.61B
IMPORTS (2023)$1.76B
NET TRADE (2023)$859M

In 2023, Hungary exported $2.61B in Electrical Transformers. The main destinations of Hungary exports on Electrical Transformers were Germany ($1.18B), China ($352M), France ($167M), Netherlands ($110M), and United States ($97.8M).

In 2023, Hungary imported $1.76B in Electrical Transformers, mainly from Germany ($472M), China ($300M), Japan ($116M), Hong Kong ($89.5M), and Thailand ($85M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
China$267M (315%)
Germany$177M (17.7%)
Hong Kong$28.1M (47.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY Hungary WERE (2022 - 2023):
Italy-$24.8M (-31.5%)
United States-$21.6M (-18.1%)
South Korea-$20.7M (-92.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Electrical Transformers were:
China $51.9B
Germany $12.8B
Mexico $6.34B
In 2023, Hungary's main importing competitors in Electrical Transformers were:

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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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