2022
Exports
$99.6MWorld Rnk 31 / 184
Flag Rnk 63 / 96
2022
PRODUCT COMPLEXITY IN Knitted fabrics
0.18Rnk 494 / 1025
2022
Imports
$134MWorld Rnk 59 / 216
Flag Rnk 65 / 96
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $99.6M in Knitted fabrics, making it the 31st largest exporter of Knitted fabrics in the world. At the same year, Knitted fabrics was the 63rd most exported product in Hungary. The main destination of Knitted fabrics exports from Hungary are: Italy ($18.6M), Germany ($12.1M), France ($10.7M), Poland ($9.35M), and Bulgaria ($5.68M).

The fastest growing export markets for Knitted fabrics of Hungary between 2021 and 2022 were Bulgaria ($3.73M), France ($3.31M), and Slovakia ($2.43M).

Imports In 2022, Hungary imported $134M in Knitted fabrics, becoming the 59th largest importer of Knitted fabrics in the world. At the same year, Knitted fabrics was the 65th most imported product in Hungary. Hungary imports Knitted fabrics primarily from: Germany ($41.7M), Switzerland ($20.5M), Italy ($18.7M), Turkey ($12.3M), and Austria ($12.1M).

The fastest growing import markets in Knitted fabrics for Hungary between 2021 and 2022 were Italy ($3.1M), Poland ($1.62M), and Switzerland ($1.22M).

Latest Trends

Jul 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 Knitted fabrics. 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)$99.6M
IMPORTS (2022)$134M
NET TRADE (2022)-$34.2M

In 2022, Hungary exported $99.6M in Knitted fabrics. The main destinations of Hungary exports on Knitted fabrics were Italy ($18.6M), Germany ($12.1M), France ($10.7M), Poland ($9.35M), and Bulgaria ($5.68M).

In 2022, Hungary imported $134M in Knitted fabrics, mainly from Germany ($41.7M), Switzerland ($20.5M), Italy ($18.7M), Turkey ($12.3M), and Austria ($12.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted fabrics EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Bulgaria$3.73M (190%)
France$3.31M (44.9%)
Slovakia$2.43M (268%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted fabrics BY Hungary WERE (2021 - 2022):
Poland-$3.34M (-26.3%)
Italy-$3.15M (-14.5%)
United States-$1.49M (-46.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Knitted fabrics were:
In 2022, Hungary's main importing competitors in Knitted fabrics were:

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Trade Value of Knitted fabrics by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $1.45M
TOP IMPORT POTENTIALChina+ $9.29M

Knitted fabrics’s highest export potential is United States. With an export gap of $1.45M.   Knitted fabrics’s highest import potential is China with an import gap of $9.29M.

See methodology.

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