2022
Exports
$39.5MWorld Rnk 23 / 213
Flag Rnk 329 / 1206
2022
PRODUCT COMPLEXITY IN Gaskets
1.44Rnk 64 / 1025
2022
Imports
$45.2MWorld Rnk 29 / 220
Flag Rnk 398 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $39.5M in Gaskets, making it the 23rd largest exporter of Gaskets in the world. At the same year, Gaskets was the 329th most exported product in Hungary. The main destination of Gaskets exports from Hungary are: Germany ($14.4M), Italy ($4.25M), United Kingdom ($2.32M), Romania ($2.17M), and Poland ($1.73M).

The fastest growing export markets for Gaskets of Hungary between 2021 and 2022 were United Kingdom ($1.12M), Poland ($1.02M), and Italy ($942k).

Imports In 2022, Hungary imported $45.2M in Gaskets, becoming the 29th largest importer of Gaskets in the world. At the same year, Gaskets was the 398th most imported product in Hungary. Hungary imports Gaskets primarily from: Germany ($20.6M), Czechia ($3.8M), Italy ($3.32M), Netherlands ($2.26M), and United States ($2.13M).

The fastest growing import markets in Gaskets for Hungary between 2021 and 2022 were Austria ($704k), France ($366k), and United States ($307k).

Latest Trends

Aug 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 Gaskets. 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)$39.5M
IMPORTS (2022)$45.2M
NET TRADE (2022)-$5.69M

In 2022, Hungary exported $39.5M in Gaskets. The main destinations of Hungary exports on Gaskets were Germany ($14.4M), Italy ($4.25M), United Kingdom ($2.32M), Romania ($2.17M), and Poland ($1.73M).

In 2022, Hungary imported $45.2M in Gaskets, mainly from Germany ($20.6M), Czechia ($3.8M), Italy ($3.32M), Netherlands ($2.26M), and United States ($2.13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gaskets EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
United Kingdom$1.12M (93.6%)
Poland$1.02M (145%)
Italy$942k (28.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gaskets BY Hungary WERE (2021 - 2022):
Russia-$5.55M (-96.9%)
Germany-$2M (-12.2%)
Belgium-$434k (-29.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Gaskets by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $2.01M
TOP IMPORT POTENTIALUnited States+ $2.08M

Gaskets’s highest export potential is United States. With an export gap of $2.01M.   Gaskets’s highest import potential is United States with an import gap of $2.08M.

See methodology.

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