2022
Exports
$103MWorld Rnk 31 / 213
Flag Rnk 199 / 1206
2022
PRODUCT COMPLEXITY IN Interchangeable Tool Parts
1.7Rnk 24 / 1025
2022
Imports
$194MWorld Rnk 31 / 225
Flag Rnk 152 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $103M in Interchangeable Tool Parts, making it the 31st largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 199th most exported product in Hungary. The main destination of Interchangeable Tool Parts exports from Hungary are: Germany ($46.3M), Switzerland ($16.6M), United States ($7.49M), France ($2.92M), and Slovakia ($2.41M).

The fastest growing export markets for Interchangeable Tool Parts of Hungary between 2021 and 2022 were United States ($3.08M), Switzerland ($1.45M), and Slovakia ($1.07M).

Imports In 2022, Hungary imported $194M in Interchangeable Tool Parts, becoming the 31st largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 152nd most imported product in Hungary. Hungary imports Interchangeable Tool Parts primarily from: Germany ($82.7M), South Korea ($24.1M), China ($18.4M), Austria ($11.6M), and Italy ($9.71M).

The fastest growing import markets in Interchangeable Tool Parts for Hungary between 2021 and 2022 were South Korea ($12.2M), Italy ($1.86M), and Czechia ($1.68M).

Latest Trends

Sep 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 Interchangeable Tool Parts. 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)$103M
IMPORTS (2022)$194M
NET TRADE (2022)-$91.1M

In 2022, Hungary exported $103M in Interchangeable Tool Parts. The main destinations of Hungary exports on Interchangeable Tool Parts were Germany ($46.3M), Switzerland ($16.6M), United States ($7.49M), France ($2.92M), and Slovakia ($2.41M).

In 2022, Hungary imported $194M in Interchangeable Tool Parts, mainly from Germany ($82.7M), South Korea ($24.1M), China ($18.4M), Austria ($11.6M), and Italy ($9.71M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
United States$3.08M (69.7%)
Switzerland$1.45M (9.62%)
Slovakia$1.07M (79.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Hungary WERE (2021 - 2022):
Germany-$1.01M (-2.13%)
Russia-$928k (-94.6%)
Singapore-$762k (-47.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Interchangeable Tool Parts were:
In 2022, Hungary's main importing competitors in Interchangeable Tool Parts were:

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Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.4M
TOP IMPORT POTENTIALChina+ $10.7M

Interchangeable Tool Parts’s highest export potential is United States. With an export gap of $7.4M.   Interchangeable Tool Parts’s highest import potential is China with an import gap of $10.7M.

See methodology.

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