2018
Exports
$24.4MWorld Rnk 47 / 164
Flag Rnk 397 / 1203
2023
PRODUCT COMPLEXITY IN Iron Blocks
-0.47Rnk 688 / 1025
2018
Imports
$211MWorld Rnk 26 / 220
Flag Rnk 126 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2018, Hungary exported $24.4M in Iron Blocks, making it the 47th largest exporter of Iron Blocks in the world. At the same year, Iron Blocks was the 397th most exported product in Hungary. The main destination of Iron Blocks exports from Hungary are: Slovakia ($4.92M), Germany ($3.76M), Austria ($3.21M), Czechia ($2.49M), and Romania ($2.3M).

The fastest growing export markets for Iron Blocks of Hungary between 2022 and 2023 were Austria ($854k), Slovakia ($297k), and Turkey ($100k).

Imports In 2023, Hungary imported $211M in Iron Blocks, becoming the 26th largest importer of Iron Blocks in the world. At the same year, Iron Blocks was the 126th most imported product in Hungary. Hungary imports Iron Blocks primarily from: Germany ($52.9M), Poland ($41.4M), Slovakia ($33M), Italy ($24.3M), and Romania ($16.8M).

The fastest growing import markets in Iron Blocks for Hungary between 2022 and 2023 were Serbia ($1.95M), Spain ($826k), and China ($179k).

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 Iron Blocks. 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)$24.4M
IMPORTS (2023)$211M
NET TRADE (2023)-$186M

In 2023, Hungary exported $24.4M in Iron Blocks. The main destinations of Hungary exports on Iron Blocks were Slovakia ($4.92M), Germany ($3.76M), Austria ($3.21M), Czechia ($2.49M), and Romania ($2.3M).

In 2023, Hungary imported $211M in Iron Blocks, mainly from Germany ($52.9M), Poland ($41.4M), Slovakia ($33M), Italy ($24.3M), and Romania ($16.8M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Blocks EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Austria$854k (36.2%)
Slovakia$297k (6.42%)
Turkey$100k (37.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Blocks BY Hungary WERE (2022 - 2023):
Germany-$4.64M (-55.3%)
Netherlands-$1.99M (-49.9%)
United Kingdom-$1.02M (-86.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Hungary's main exporting competitors in Iron Blocks were:
China $2.69B
Spain $1.83B
Germany $1.64B
In 2023, Hungary's main importing competitors in Iron Blocks were:

Explore Visualizations

Trade Value of Iron Blocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.32M
TOP IMPORT POTENTIALSpain+ $5.27M

Iron Blocks’s highest export potential is Germany. With an export gap of $3.32M.   Iron Blocks’s highest import potential is Spain with an import gap of $5.27M.

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