2022
Exports
$57.2MWorld Rnk 105 / 176
Flag Rnk 276 / 1206
2022
PRODUCT COMPLEXITY IN Gold
-2.43Rnk 1016 / 1025
2022
Imports
$123MWorld Rnk 53 / 178
Flag Rnk 209 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $57.2M in Gold, making it the 105th largest exporter of Gold in the world. At the same year, Gold was the 276th most exported product in Hungary. The main destination of Gold exports from Hungary are: Turkey ($22.4M), Italy ($20.3M), Austria ($9.64M), Poland ($2M), and Germany ($910k).

The fastest growing export markets for Gold of Hungary between 2021 and 2022 were Austria ($6.1M), Poland ($1.38M), and Canada ($185k).

Imports In 2022, Hungary imported $123M in Gold, becoming the 53rd largest importer of Gold in the world. At the same year, Gold was the 209th most imported product in Hungary. Hungary imports Gold primarily from: Austria ($60.1M), Italy ($32.4M), Germany ($19.6M), Estonia ($4.27M), and Spain ($1.95M).

The fastest growing import markets in Gold for Hungary between 2021 and 2022 were Austria ($17.4M), Germany ($7.2M), and Estonia ($3.27M).

Latest Trends

Oct 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 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 (2022)$57.2M
IMPORTS (2022)$123M
NET TRADE (2022)-$66.1M

In 2022, Hungary exported $57.2M in Gold. The main destinations of Hungary exports on Gold were Turkey ($22.4M), Italy ($20.3M), Austria ($9.64M), Poland ($2M), and Germany ($910k).

In 2022, Hungary imported $123M in Gold, mainly from Austria ($60.1M), Italy ($32.4M), Germany ($19.6M), Estonia ($4.27M), and Spain ($1.95M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Austria$6.1M (172%)
Poland$1.38M (221%)
Canada$185k (59.4k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Hungary WERE (2021 - 2022):
Bulgaria-$11.8M (-97.1%)
Italy-$8.48M (-29.5%)
Germany-$5.58M (-86%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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