2022
Exports
$606MWorld Rnk 30 / 225
Flag Rnk 32 / 96
2022
PRODUCT COMPLEXITY IN Footwear
-0.49Rnk 696 / 1025
2022
Imports
$894MWorld Rnk 42 / 225
Flag Rnk 24 / 96
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $606M in Footwear, making it the 30th largest exporter of Footwear in the world. At the same year, Footwear was the 32nd most exported product in Hungary. The main destination of Footwear exports from Hungary are: Germany ($159M), Austria ($93.3M), Italy ($83.3M), Poland ($54.7M), and Romania ($44.4M).

The fastest growing export markets for Footwear of Hungary between 2021 and 2022 were Italy ($24.5M), United States ($19.9M), and Austria ($16.4M).

Imports In 2022, Hungary imported $894M in Footwear, becoming the 42nd largest importer of Footwear in the world. At the same year, Footwear was the 24th most imported product in Hungary. Hungary imports Footwear primarily from: Poland ($119M), Germany ($102M), Romania ($86.6M), Slovakia ($75M), and China ($73.3M).

The fastest growing import markets in Footwear for Hungary between 2021 and 2022 were Greece ($34.3M), Romania ($25.2M), and Netherlands ($14.6M).

Latest Trends

Jul 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 Footwear. 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)$606M
IMPORTS (2022)$894M
NET TRADE (2022)-$288M

In 2022, Hungary exported $606M in Footwear. The main destinations of Hungary exports on Footwear were Germany ($159M), Austria ($93.3M), Italy ($83.3M), Poland ($54.7M), and Romania ($44.4M).

In 2022, Hungary imported $894M in Footwear, mainly from Poland ($119M), Germany ($102M), Romania ($86.6M), Slovakia ($75M), and China ($73.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Footwear EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Italy$24.5M (41.7%)
United States$19.9M (273%)
Austria$16.4M (21.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Footwear BY Hungary WERE (2021 - 2022):
Russia-$7.65M (-100%)
Poland-$6.3M (-10.3%)
Hong Kong-$1.83M (-68.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Footwear were:
China $63.5B
Vietnam $27.2B
Italy $13.1B
In 2022, Hungary's main importing competitors in Footwear were:

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Trade Value of Footwear by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $30.5M
TOP IMPORT POTENTIALChina+ $56.5M

Footwear’s highest export potential is Germany. With an export gap of $30.5M.   Footwear’s highest import potential is China with an import gap of $56.5M.

See methodology.

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