2022
Exports
$1.72MWorld Rnk 86 / 129
Flag Rnk 837 / 1206
2022
PRODUCT COMPLEXITY IN Ferroalloys
-1.24Rnk 892 / 1025
2022
Imports
$29.6MWorld Rnk 62 / 172
Flag Rnk 476 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $1.72M in Ferroalloys, making it the 86th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 837th most exported product in Hungary. The main destination of Ferroalloys exports from Hungary are: Romania ($996k), Sweden ($349k), Italy ($199k), Poland ($98.5k), and Netherlands ($59.3k).

The fastest growing export markets for Ferroalloys of Hungary between 2021 and 2022 were Romania ($996k), Sweden ($349k), and Poland ($91.5k).

Imports In 2022, Hungary imported $29.6M in Ferroalloys, becoming the 62nd largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 476th most imported product in Hungary. Hungary imports Ferroalloys primarily from: Slovenia ($5.78M), Slovakia ($4.98M), Italy ($4.89M), Spain ($2.7M), and Netherlands ($2.06M).

The fastest growing import markets in Ferroalloys for Hungary between 2021 and 2022 were Spain ($2.69M), Italy ($2.26M), and Slovenia ($1.57M).

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 Ferroalloys. 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)$1.72M
IMPORTS (2022)$29.6M
NET TRADE (2022)-$27.9M

In 2022, Hungary exported $1.72M in Ferroalloys. The main destinations of Hungary exports on Ferroalloys were Romania ($996k), Sweden ($349k), Italy ($199k), Poland ($98.5k), and Netherlands ($59.3k).

In 2022, Hungary imported $29.6M in Ferroalloys, mainly from Slovenia ($5.78M), Slovakia ($4.98M), Italy ($4.89M), Spain ($2.7M), and Netherlands ($2.06M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Romania$996k (1%)
Sweden$349k (1%)
Poland$91.5k (1.31k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Hungary WERE (2021 - 2022):
Germany-$184k (-100%)
Italy-$21.3k (-9.67%)
France-$13.3k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALItaly+ $292k
TOP IMPORT POTENTIALKazakhstan+ $1.7M

Ferroalloys’s highest export potential is Italy. With an export gap of $292k.   Ferroalloys’s highest import potential is Kazakhstan with an import gap of $1.7M.

See methodology.

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