2023
Exports
$80.1MWorld Rnk 107 / 167
Flag Rnk 224 / 1203
2023
PRODUCT COMPLEXITY IN Gold
-2.5Rnk 1019 / 1025
2023
Imports
$92.9MWorld Rnk 60 / 174
Flag Rnk 234 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $80.1M in Gold, making it the 107th largest exporter of Gold in the world. At the same year, Gold was the 224th most exported product in Hungary. The main destination of Gold exports from Hungary are: Italy ($35.5M), Austria ($21.8M), Turkey ($14.2M), Poland ($1.89M), and Germany ($1.79M).

The fastest growing export markets for Gold of Hungary between 2022 and 2023 were Austria ($12.3M), Italy ($10.4M), and Belgium ($1.1M).

Imports In 2023, Hungary imported $92.9M in Gold, becoming the 60th largest importer of Gold in the world. At the same year, Gold was the 234th most imported product in Hungary. Hungary imports Gold primarily from: Austria ($35.4M), Germany ($29.9M), Italy ($13.5M), Estonia ($7.99M), and Romania ($2.72M).

The fastest growing import markets in Gold for Hungary between 2022 and 2023 were Estonia ($5.23M), Romania ($1.48M), and Switzerland ($848k).

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 Gold. 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)$80.1M
IMPORTS (2023)$92.9M
NET TRADE (2023)-$12.8M

In 2023, Hungary exported $80.1M in Gold. The main destinations of Hungary exports on Gold were Italy ($35.5M), Austria ($21.8M), Turkey ($14.2M), Poland ($1.89M), and Germany ($1.79M).

In 2023, Hungary imported $92.9M in Gold, mainly from Austria ($35.4M), Germany ($29.9M), Italy ($13.5M), Estonia ($7.99M), and Romania ($2.72M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Austria$12.3M (130%)
Italy$10.4M (41.7%)
Belgium$1.1M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Hungary WERE (2022 - 2023):
Turkey-$9.41M (-39.9%)
Bulgaria-$352k (-100%)
Spain-$287k (-71.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Gold were:
In 2023, Hungary's main importing competitors in Gold were:

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $10.8M
TOP IMPORT POTENTIALGermany+ $8.36M

Gold’s highest export potential is Turkey. With an export gap of $10.8M.   Gold’s highest import potential is Germany with an import gap of $8.36M.

See methodology.

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