2022
Exports
$334MWorld Rnk 10 / 144
Flag Rnk 91 / 1206
2022
PRODUCT COMPLEXITY IN Locomotive Parts
0.82Rnk 237 / 1025
2022
Imports
$133MWorld Rnk 22 / 200
Flag Rnk 196 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $334M in Locomotive Parts, making it the 10th largest exporter of Locomotive Parts in the world. At the same year, Locomotive Parts was the 91st most exported product in Hungary. The main destination of Locomotive Parts exports from Hungary are: Germany ($117M), Poland ($27.7M), Austria ($23.9M), France ($23.4M), and Slovakia ($16.8M).

The fastest growing export markets for Locomotive Parts of Hungary between 2021 and 2022 were India ($7.18M), Slovakia ($5.5M), and Romania ($4.86M).

Imports In 2022, Hungary imported $133M in Locomotive Parts, becoming the 22nd largest importer of Locomotive Parts in the world. At the same year, Locomotive Parts was the 196th most imported product in Hungary. Hungary imports Locomotive Parts primarily from: Germany ($37.6M), Austria ($14.4M), Spain ($12.8M), Russia ($12.8M), and Czechia ($8.5M).

The fastest growing import markets in Locomotive Parts for Hungary between 2021 and 2022 were Germany ($11.4M), Finland ($3.92M), and Turkey ($1.83M).

Latest Trends

Oct 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 Locomotive Parts. 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)$334M
IMPORTS (2022)$133M
NET TRADE (2022)$201M

In 2022, Hungary exported $334M in Locomotive Parts. The main destinations of Hungary exports on Locomotive Parts were Germany ($117M), Poland ($27.7M), Austria ($23.9M), France ($23.4M), and Slovakia ($16.8M).

In 2022, Hungary imported $133M in Locomotive Parts, mainly from Germany ($37.6M), Austria ($14.4M), Spain ($12.8M), Russia ($12.8M), and Czechia ($8.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Locomotive Parts EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
India$7.18M (387%)
Slovakia$5.5M (48.7%)
Romania$4.86M (62.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locomotive Parts BY Hungary WERE (2021 - 2022):
Germany-$51M (-30.4%)
Russia-$13.2M (-98.6%)
China-$12.2M (-54.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Locomotive Parts were:
In 2022, Hungary's main importing competitors in Locomotive Parts were:

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Trade Value of Locomotive Parts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALAustria+ $8.9M
TOP IMPORT POTENTIALAustria+ $4.45M

Locomotive Parts’s highest export potential is Austria. With an export gap of $8.9M.   Locomotive Parts’s highest import potential is Austria with an import gap of $4.45M.

See methodology.

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