2023
Exports
$27.3MWorld Rnk 28 / 154
Flag Rnk 377 / 1203
2023
PRODUCT COMPLEXITY IN Industrial Furnaces
0.99Rnk 180 / 1025
2023
Imports
$20MWorld Rnk 53 / 213
Flag Rnk 542 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $27.3M in Industrial Furnaces, making it the 28th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 377th most exported product in Hungary. The main destination of Industrial Furnaces exports from Hungary are: Brazil ($16.9M), Germany ($2.21M), Romania ($1.7M), Austria ($1.51M), and Belgium ($1.14M).

The fastest growing export markets for Industrial Furnaces of Hungary between 2022 and 2023 were Brazil ($16.9M), Romania ($1.42M), and Germany ($779k).

Imports In 2023, Hungary imported $20M in Industrial Furnaces, becoming the 53rd largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 542nd most imported product in Hungary. Hungary imports Industrial Furnaces primarily from: Germany ($3.91M), Slovenia ($3.17M), France ($2.05M), Italy ($1.84M), and Denmark ($1.72M).

The fastest growing import markets in Industrial Furnaces for Hungary between 2022 and 2023 were Slovenia ($3.15M), Germany ($2.3M), and Denmark ($1.69M).

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 Industrial Furnaces. 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)$27.3M
IMPORTS (2023)$20M
NET TRADE (2023)$7.25M

In 2023, Hungary exported $27.3M in Industrial Furnaces. The main destinations of Hungary exports on Industrial Furnaces were Brazil ($16.9M), Germany ($2.21M), Romania ($1.7M), Austria ($1.51M), and Belgium ($1.14M).

In 2023, Hungary imported $20M in Industrial Furnaces, mainly from Germany ($3.91M), Slovenia ($3.17M), France ($2.05M), Italy ($1.84M), and Denmark ($1.72M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Brazil$16.9M (884k%)
Romania$1.42M (510%)
Germany$779k (54.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Hungary WERE (2022 - 2023):
Belgium-$1.37M (-54.7%)
Russia-$1.08M (-61.4%)
Austria-$658k (-30.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $577k
TOP IMPORT POTENTIALChina+ $1.99M

Industrial Furnaces’s highest export potential is Germany. With an export gap of $577k.   Industrial Furnaces’s highest import potential is China with an import gap of $1.99M.

See methodology.

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