2023
Exports
$1.81MWorld Rnk 45 / 196
Flag Rnk 797 / 1203
2023
PRODUCT COMPLEXITY IN Hand Tools
0.76Rnk 262 / 1025
2023
Imports
$17.5MWorld Rnk 38 / 220
Flag Rnk 565 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $1.81M in Hand Tools, making it the 45th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 797th most exported product in Hungary. The main destination of Hand Tools exports from Hungary are: Romania ($452k), Germany ($285k), Slovakia ($136k), Croatia ($82.6k), and Czechia ($59.7k).

The fastest growing export markets for Hand Tools of Hungary between 2022 and 2023 were Germany ($52.8k), Romania ($50.9k), and Cote d'Ivoire ($25.1k).

Imports In 2023, Hungary imported $17.5M in Hand Tools, becoming the 38th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 565th most imported product in Hungary. Hungary imports Hand Tools primarily from: Germany ($8.54M), China ($3.43M), Poland ($1.15M), Austria ($761k), and Czechia ($531k).

The fastest growing import markets in Hand Tools for Hungary between 2022 and 2023 were Slovenia ($369k), Germany ($317k), and China ($207k).

Latest Trends

Jan 2025

Subnational Monthly Trade

View
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 Hand Tools. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$1.81M
IMPORTS (2023)$17.5M
NET TRADE (2023)-$15.7M

In 2023, Hungary exported $1.81M in Hand Tools. The main destinations of Hungary exports on Hand Tools were Romania ($452k), Germany ($285k), Slovakia ($136k), Croatia ($82.6k), and Czechia ($59.7k).

In 2023, Hungary imported $17.5M in Hand Tools, mainly from Germany ($8.54M), China ($3.43M), Poland ($1.15M), Austria ($761k), and Czechia ($531k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Germany$52.8k (22.8%)
Romania$50.9k (12.7%)
Cote d'Ivoire$25.1k (132k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Hungary WERE (2022 - 2023):
China-$30.9k (-93.9%)
Czechia-$30.7k (-33.9%)
Denmark-$27k (-94.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Hungary's main exporting competitors in Hand Tools were:
In 2023, Hungary's main importing competitors in Hand Tools were:

Explore Visualizations

Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $123k
TOP IMPORT POTENTIALChina+ $1.2M

Hand Tools’s highest export potential is Germany. With an export gap of $123k.   Hand Tools’s highest import potential is China with an import gap of $1.2M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with