2018
Exports
$678kWorld Rnk 50 / 99
Flag Rnk 925 / 1203
2023
PRODUCT COMPLEXITY IN Iron Reductions
-1.12Rnk 860 / 1025
2018
Imports
$445kWorld Rnk 55 / 142
Flag Rnk 1067 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2018, Hungary exported $678k in Iron Reductions, making it the 50th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 925th most exported product in Hungary. The main destination of Iron Reductions exports from Hungary are: Spain ($455k), Netherlands ($201k), Germany ($16.5k), Romania ($4.12k), and Austria ($590).

The fastest growing export markets for Iron Reductions of Hungary between 2022 and 2023 were Germany ($16.5k).

Imports In 2023, Hungary imported $445k in Iron Reductions, becoming the 55th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 1067th most imported product in Hungary. Hungary imports Iron Reductions primarily from: Slovakia ($165k), Bulgaria ($136k), Sweden ($73.8k), Germany ($26k), and Czechia ($23.1k).

The fastest growing import markets in Iron Reductions for Hungary between 2022 and 2023 were Slovakia ($165k), Bulgaria ($136k), and Czechia ($23.1k).

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 Reductions. 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)$678k
IMPORTS (2023)$445k
NET TRADE (2023)$233k

In 2023, Hungary exported $678k in Iron Reductions. The main destinations of Hungary exports on Iron Reductions were Spain ($455k), Netherlands ($201k), Germany ($16.5k), Romania ($4.12k), and Austria ($590).

In 2023, Hungary imported $445k in Iron Reductions, mainly from Slovakia ($165k), Bulgaria ($136k), Sweden ($73.8k), Germany ($26k), and Czechia ($23.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Hungary WERE (2022 - 2023):Germany$16.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Hungary WERE (2022 - 2023):
Spain-$191k (-29.6%)
Slovakia-$105k (-99.7%)
Netherlands-$36.5k (-15.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Iron Reductions were:
In 2023, Hungary's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $31.4k
TOP IMPORT POTENTIALNetherlands+ $13.5k

Iron Reductions’s highest export potential is Netherlands. With an export gap of $31.4k.   Iron Reductions’s highest import potential is Netherlands with an import gap of $13.5k.

See methodology.

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