2022
Exports
$46.8MWorld Rnk 40 / 177
Flag Rnk 306 / 1206
2022
PRODUCT COMPLEXITY IN Iron Blocks
-0.42Rnk 679 / 1025
2022
Imports
$315MWorld Rnk 19 / 219
Flag Rnk 97 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $46.8M in Iron Blocks, making it the 40th largest exporter of Iron Blocks in the world. At the same year, Iron Blocks was the 306th most exported product in Hungary. The main destination of Iron Blocks exports from Hungary are: Slovakia ($12.4M), Germany ($10.2M), Netherlands ($4.9M), Czechia ($3.43M), and Romania ($2.41M).

The fastest growing export markets for Iron Blocks of Hungary between 2021 and 2022 were Germany ($3.12M), Slovakia ($2M), and Austria ($667k).

Imports In 2022, Hungary imported $315M in Iron Blocks, becoming the 19th largest importer of Iron Blocks in the world. At the same year, Iron Blocks was the 97th most imported product in Hungary. Hungary imports Iron Blocks primarily from: Poland ($67.2M), Germany ($64.8M), Slovakia ($46.1M), Romania ($40.4M), and Italy ($34.5M).

The fastest growing import markets in Iron Blocks for Hungary between 2021 and 2022 were Germany ($14.8M), Poland ($13.8M), and Luxembourg ($8.17M).

Latest Trends

Nov 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 Iron Blocks. 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)$46.8M
IMPORTS (2022)$315M
NET TRADE (2022)-$269M

In 2022, Hungary exported $46.8M in Iron Blocks. The main destinations of Hungary exports on Iron Blocks were Slovakia ($12.4M), Germany ($10.2M), Netherlands ($4.9M), Czechia ($3.43M), and Romania ($2.41M).

In 2022, Hungary imported $315M in Iron Blocks, mainly from Poland ($67.2M), Germany ($64.8M), Slovakia ($46.1M), Romania ($40.4M), and Italy ($34.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Blocks EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Germany$3.12M (43.8%)
Slovakia$2M (19.3%)
Austria$667k (43.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Blocks BY Hungary WERE (2021 - 2022):
Netherlands-$1.68M (-25.5%)
Croatia-$1.12M (-41%)
Slovenia-$469k (-57.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Iron Blocks were:
China $2.83B
Spain $2.24B
Germany $2.07B
In 2022, Hungary's main importing competitors in Iron Blocks were:

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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.

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