2023
Exports
$16.6MWorld Rnk 47 / 123
Flag Rnk 446 / 1203
2023
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars
-0.48Rnk 693 / 1025
2023
Imports
$128MWorld Rnk 32 / 213
Flag Rnk 186 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $16.6M in Hot-Rolled Iron Bars, making it the 47th largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 446th most exported product in Hungary. The main destination of Hot-Rolled Iron Bars exports from Hungary are: Czechia ($9.03M), Slovakia ($3.62M), Greece ($1.66M), Romania ($645k), and Poland ($556k).

The fastest growing export markets for Hot-Rolled Iron Bars of Hungary between 2022 and 2023 were Czechia ($854k), Sweden ($364k), and Romania ($139k).

Imports In 2023, Hungary imported $128M in Hot-Rolled Iron Bars, becoming the 32nd largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 186th most imported product in Hungary. Hungary imports Hot-Rolled Iron Bars primarily from: Italy ($43.7M), Czechia ($43.1M), Germany ($13.4M), Austria ($6.65M), and Poland ($6.09M).

The fastest growing import markets in Hot-Rolled Iron Bars for Hungary between 2022 and 2023 were Austria ($2.71M), Slovakia ($915k), and Bosnia and Herzegovina ($347k).

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 Hot-Rolled Iron Bars. 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)$16.6M
IMPORTS (2023)$128M
NET TRADE (2023)-$112M

In 2023, Hungary exported $16.6M in Hot-Rolled Iron Bars. The main destinations of Hungary exports on Hot-Rolled Iron Bars were Czechia ($9.03M), Slovakia ($3.62M), Greece ($1.66M), Romania ($645k), and Poland ($556k).

In 2023, Hungary imported $128M in Hot-Rolled Iron Bars, mainly from Italy ($43.7M), Czechia ($43.1M), Germany ($13.4M), Austria ($6.65M), and Poland ($6.09M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Czechia$854k (10.4%)
Sweden$364k (1%)
Romania$139k (27.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Hungary WERE (2022 - 2023):
Poland-$1.68M (-75.1%)
Greece-$1.11M (-40%)
Germany-$474k (-80.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Hot-Rolled Iron Bars were:
China $2.23B
Germany $1.17B
Italy $808M
In 2023, Hungary's main importing competitors in Hot-Rolled Iron Bars were:

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Trade Value of Hot-Rolled Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $1.17M
TOP IMPORT POTENTIALGermany+ $5.57M

Hot-Rolled Iron Bars’s highest export potential is Poland. With an export gap of $1.17M.   Hot-Rolled Iron Bars’s highest import potential is Germany with an import gap of $5.57M.

See methodology.

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