2022
Exports
$1.34BWorld Rnk 20 / 192
Flag Rnk 22 / 1206
2022
PRODUCT COMPLEXITY IN Gas Turbines
0.71Rnk 270 / 1025
2022
Imports
$1BWorld Rnk 29 / 207
Flag Rnk 25 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $1.34B in Gas Turbines, making it the 20th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 22nd most exported product in Hungary. The main destination of Gas Turbines exports from Hungary are: Kuwait ($259M), Netherlands ($199M), Germany ($184M), France ($106M), and Italy ($87.4M).

The fastest growing export markets for Gas Turbines of Hungary between 2021 and 2022 were Kuwait ($259M), Chinese Taipei ($37.3M), and Netherlands ($32M).

Imports In 2022, Hungary imported $1B in Gas Turbines, becoming the 29th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 25th most imported product in Hungary. Hungary imports Gas Turbines primarily from: United States ($391M), Germany ($183M), United Kingdom ($153M), China ($51.3M), and Serbia ($43.1M).

The fastest growing import markets in Gas Turbines for Hungary between 2021 and 2022 were United States ($35.4M), Serbia ($18.7M), and Hong Kong ($13.2M).

Latest Trends

Sep 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 Gas Turbines. 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)$1.34B
IMPORTS (2022)$1B
NET TRADE (2022)$341M

In 2022, Hungary exported $1.34B in Gas Turbines. The main destinations of Hungary exports on Gas Turbines were Kuwait ($259M), Netherlands ($199M), Germany ($184M), France ($106M), and Italy ($87.4M).

In 2022, Hungary imported $1B in Gas Turbines, mainly from United States ($391M), Germany ($183M), United Kingdom ($153M), China ($51.3M), and Serbia ($43.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Kuwait$259M (111k%)
Chinese Taipei$37.3M (1.19k%)
Netherlands$32M (19.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Hungary WERE (2021 - 2022):
United States-$49M (-41.5%)
South Korea-$7.24M (-86.9%)
Switzerland-$6.25M (-43.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $90.5M
TOP IMPORT POTENTIALUnited Kingdom+ $37.4M

Gas Turbines’s highest export potential is United States. With an export gap of $90.5M.   Gas Turbines’s highest import potential is United Kingdom with an import gap of $37.4M.

See methodology.

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