2023
Exports
$617MWorld Rnk 28 / 219
Flag Rnk 48 / 1203
2023
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.86Rnk 6 / 1025
2023
Imports
$1.62BWorld Rnk 23 / 226
Flag Rnk 20 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $617M in Machinery Having Individual Functions, making it the 28th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 48th most exported product in Hungary. The main destination of Machinery Having Individual Functions exports from Hungary are: Germany ($218M), Austria ($60M), Belgium ($53.7M), United States ($32.1M), and Romania ($26.5M).

The fastest growing export markets for Machinery Having Individual Functions of Hungary between 2022 and 2023 were Germany ($15M), Cape Verde ($7.69M), and Italy ($5.97M).

Imports In 2023, Hungary imported $1.62B in Machinery Having Individual Functions, becoming the 23rd largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 20th most imported product in Hungary. Hungary imports Machinery Having Individual Functions primarily from: South Korea ($844M), Germany ($320M), China ($82.8M), Italy ($42.5M), and Japan ($41M).

The fastest growing import markets in Machinery Having Individual Functions for Hungary between 2022 and 2023 were Japan ($26.6M), France ($14.3M), and Italy ($13.9M).

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 Machinery Having Individual Functions. 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)$617M
IMPORTS (2023)$1.62B
NET TRADE (2023)-$1B

In 2023, Hungary exported $617M in Machinery Having Individual Functions. The main destinations of Hungary exports on Machinery Having Individual Functions were Germany ($218M), Austria ($60M), Belgium ($53.7M), United States ($32.1M), and Romania ($26.5M).

In 2023, Hungary imported $1.62B in Machinery Having Individual Functions, mainly from South Korea ($844M), Germany ($320M), China ($82.8M), Italy ($42.5M), and Japan ($41M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Germany$15M (7.39%)
Cape Verde$7.69M (889%)
Italy$5.97M (46.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Hungary WERE (2022 - 2023):
Austria-$17M (-22%)
United States-$6.87M (-17.6%)
Poland-$4.52M (-17.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Machinery Having Individual Functions were:
In 2023, Hungary's main importing competitors in Machinery Having Individual Functions were:

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $31.6M
TOP IMPORT POTENTIALChina+ $41.7M

Machinery Having Individual Functions’s highest export potential is United States. With an export gap of $31.6M.   Machinery Having Individual Functions’s highest import potential is China with an import gap of $41.7M.

See methodology.

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