2023
Exports
$5.91MWorld Rnk 43 / 189
Flag Rnk 619 / 1203
2023
PRODUCT COMPLEXITY IN Iron Chains
1.48Rnk 48 / 1025
2023
Imports
$44.7MWorld Rnk 33 / 221
Flag Rnk 385 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $5.91M in Iron Chains, making it the 43rd largest exporter of Iron Chains in the world. At the same year, Iron Chains was the 619th most exported product in Hungary. The main destination of Iron Chains exports from Hungary are: Germany ($2.41M), Romania ($787k), United States ($563k), Canada ($264k), and Lithuania ($253k).

The fastest growing export markets for Iron Chains of Hungary between 2022 and 2023 were Lithuania ($139k), Romania ($134k), and Kuwait ($121k).

Imports In 2023, Hungary imported $44.7M in Iron Chains, becoming the 33rd largest importer of Iron Chains in the world. At the same year, Iron Chains was the 385th most imported product in Hungary. Hungary imports Iron Chains primarily from: Italy ($10.4M), Germany ($9.85M), France ($5.91M), Slovakia ($2.85M), and Netherlands ($2.78M).

The fastest growing import markets in Iron Chains for Hungary between 2022 and 2023 were Italy ($3.94M), France ($3.59M), and United States ($1.22M).

Latest Trends

Dec 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 Chains. 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)$5.91M
IMPORTS (2023)$44.7M
NET TRADE (2023)-$38.8M

In 2023, Hungary exported $5.91M in Iron Chains. The main destinations of Hungary exports on Iron Chains were Germany ($2.41M), Romania ($787k), United States ($563k), Canada ($264k), and Lithuania ($253k).

In 2023, Hungary imported $44.7M in Iron Chains, mainly from Italy ($10.4M), Germany ($9.85M), France ($5.91M), Slovakia ($2.85M), and Netherlands ($2.78M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Chains EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Lithuania$139k (122%)
Romania$134k (20.5%)
Kuwait$121k (9.42k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Chains BY Hungary WERE (2022 - 2023):
Italy-$1.67M (-98%)
Germany-$751k (-23.8%)
Switzerland-$77.8k (-96.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Iron Chains were:
China $2.04B
Japan $495M
In 2023, Hungary's main importing competitors in Iron Chains were:

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Trade Value of Iron Chains by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $735k
TOP IMPORT POTENTIALChina+ $2.5M

Iron Chains’s highest export potential is Germany. With an export gap of $735k.   Iron Chains’s highest import potential is China with an import gap of $2.5M.

See methodology.

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