2023
Exports
$355MWorld Rnk 30 / 201
Flag Rnk 83 / 1203
2023
PRODUCT COMPLEXITY IN Iron Structures
0.46Rnk 378 / 1025
2023
Imports
$469MWorld Rnk 33 / 225
Flag Rnk 59 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $355M in Iron Structures, making it the 30th largest exporter of Iron Structures in the world. At the same year, Iron Structures was the 83rd most exported product in Hungary. The main destination of Iron Structures exports from Hungary are: Germany ($119M), Austria ($65.7M), Italy ($24.7M), Switzerland ($24.6M), and Romania ($15M).

The fastest growing export markets for Iron Structures of Hungary between 2022 and 2023 were Italy ($16.6M), Croatia ($4.05M), and Switzerland ($1.93M).

Imports In 2023, Hungary imported $469M in Iron Structures, becoming the 33rd largest importer of Iron Structures in the world. At the same year, Iron Structures was the 59th most imported product in Hungary. Hungary imports Iron Structures primarily from: Turkey ($82.5M), Germany ($81.4M), China ($41.3M), Poland ($40.5M), and Austria ($35.7M).

The fastest growing import markets in Iron Structures for Hungary between 2022 and 2023 were Turkey ($59M), China ($26.5M), and Bulgaria ($6.68M).

Latest Trends

Jan 2025

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 Structures. 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)$355M
IMPORTS (2023)$469M
NET TRADE (2023)-$114M

In 2023, Hungary exported $355M in Iron Structures. The main destinations of Hungary exports on Iron Structures were Germany ($119M), Austria ($65.7M), Italy ($24.7M), Switzerland ($24.6M), and Romania ($15M).

In 2023, Hungary imported $469M in Iron Structures, mainly from Turkey ($82.5M), Germany ($81.4M), China ($41.3M), Poland ($40.5M), and Austria ($35.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Structures EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Italy$16.6M (205%)
Croatia$4.05M (38.7%)
Switzerland$1.93M (8.54%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Structures BY Hungary WERE (2022 - 2023):
Austria-$18.6M (-22%)
Romania-$17.1M (-53.3%)
United States-$16.8M (-79.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Iron Structures by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $18.7M
TOP IMPORT POTENTIALChina+ $19.5M

Iron Structures’s highest export potential is United States. With an export gap of $18.7M.   Iron Structures’s highest import potential is China with an import gap of $19.5M.

See methodology.

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