2023
Exports
$104MWorld Rnk 26 / 199
Flag Rnk 196 / 1203
2023
PRODUCT COMPLEXITY IN Metalworking Machine Parts
1.42Rnk 61 / 1025
2023
Imports
$183MWorld Rnk 26 / 218
Flag Rnk 140 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $104M in Metalworking Machine Parts, making it the 26th largest exporter of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 196th most exported product in Hungary. The main destination of Metalworking Machine Parts exports from Hungary are: Germany ($69.4M), Austria ($6.61M), Italy ($4.43M), United States ($4.05M), and Belgium ($3.33M).

The fastest growing export markets for Metalworking Machine Parts of Hungary between 2022 and 2023 were Germany ($26.1M), Belgium ($2.28M), and Austria ($2.05M).

Imports In 2023, Hungary imported $183M in Metalworking Machine Parts, becoming the 26th largest importer of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 140th most imported product in Hungary. Hungary imports Metalworking Machine Parts primarily from: Germany ($101M), Italy ($12.3M), Austria ($7.77M), China ($6.78M), and Slovakia ($6.17M).

The fastest growing import markets in Metalworking Machine Parts for Hungary between 2022 and 2023 were Germany ($21.5M), Poland ($3.05M), and Netherlands ($2.14M).

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 Metalworking Machine 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 (2023)$104M
IMPORTS (2023)$183M
NET TRADE (2023)-$79M

In 2023, Hungary exported $104M in Metalworking Machine Parts. The main destinations of Hungary exports on Metalworking Machine Parts were Germany ($69.4M), Austria ($6.61M), Italy ($4.43M), United States ($4.05M), and Belgium ($3.33M).

In 2023, Hungary imported $183M in Metalworking Machine Parts, mainly from Germany ($101M), Italy ($12.3M), Austria ($7.77M), China ($6.78M), and Slovakia ($6.17M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machine Parts EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Germany$26.1M (60.2%)
Belgium$2.28M (218%)
Austria$2.05M (44.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machine Parts BY Hungary WERE (2022 - 2023):
Canada-$2.63M (-92.9%)
France-$1.14M (-38.9%)
Czechia-$421k (-23.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Metalworking Machine Parts were:
In 2023, Hungary's main importing competitors in Metalworking Machine Parts were:

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Trade Value of Metalworking Machine Parts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $3.61M
TOP IMPORT POTENTIALItaly+ $4.78M

Metalworking Machine Parts’s highest export potential is United States. With an export gap of $3.61M.   Metalworking Machine Parts’s highest import potential is Italy with an import gap of $4.78M.

See methodology.

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