2022
Exports | Imports
$5.61M | $4.12MWorld Rnk 22 / 114
Flag Rnk 646 / 1206
World Rnk 32 / 172
Flag Rnk 853 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.36Rnk 13 / 124
2022
PRODUCT COMPLEXITY IN Iron Ingots
-1.41Rnk 935 / 1025

About

Exports In 2022, Hungary exported $5.61M in Iron Ingots, making it the 22nd largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 646th most exported product in Hungary. The main destination of Iron Ingots exports from Hungary are: Slovenia ($1.87M), Serbia ($1.2M), Czechia ($648k), Romania ($640k), and Italy ($366k).

The fastest growing export markets for Iron Ingots of Hungary between 2021 and 2022 were Czechia ($140k), Italy ($129k), and Croatia ($106k).

Imports In 2022, Hungary imported $4.12M in Iron Ingots, becoming the 32nd largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 853rd most imported product in Hungary. Hungary imports Iron Ingots primarily from: Poland ($1.2M), Romania ($1.1M), Finland ($683k), Austria ($539k), and Germany ($296k).

The fastest growing import markets in Iron Ingots for Hungary between 2021 and 2022 were Romania ($706k), Austria ($539k), and Germany ($191k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Iron Ingots from Hungary to the United States.

Latest Trends

Feb 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 Ingots. 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)$5.61M
IMPORTS (2022)$4.12M
NET TRADE (2022)$1.49M

In 2022, Hungary exported $5.61M in Iron Ingots. The main destinations of Hungary exports on Iron Ingots were Slovenia ($1.87M), Serbia ($1.2M), Czechia ($648k), Romania ($640k), and Italy ($366k).

In 2022, Hungary imported $4.12M in Iron Ingots, mainly from Poland ($1.2M), Romania ($1.1M), Finland ($683k), Austria ($539k), and Germany ($296k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Czechia$140k (27.5%)
Italy$129k (54.7%)
Croatia$106k (133%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Hungary WERE (2021 - 2022):
Austria-$176k (-74.3%)
Romania-$121k (-15.9%)
Germany-$80.5k (-33.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Iron Ingots were:
India $189M
China $107M
Iran $76.9M
In 2022, Hungary's main importing competitors in Iron Ingots were:

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Trade Value of Iron Ingots by Exporters

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