2022
Exports
$68.7MWorld Rnk 31 / 199
Flag Rnk 247 / 1206
2022
PRODUCT COMPLEXITY IN Metalworking Machine Parts
1.64Rnk 34 / 1025
2022
Imports
$160MWorld Rnk 29 / 220
Flag Rnk 170 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $68.7M in Metalworking Machine Parts, making it the 31st largest exporter of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 247th most exported product in Hungary. The main destination of Metalworking Machine Parts exports from Hungary are: Germany ($44.7M), Austria ($3.27M), Italy ($3.16M), United States ($1.81M), and France ($1.62M).

The fastest growing export markets for Metalworking Machine Parts of Hungary between 2021 and 2022 were Germany ($3.69M), Canada ($903k), and Mexico ($550k).

Imports In 2022, Hungary imported $160M in Metalworking Machine Parts, becoming the 29th largest importer of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 170th most imported product in Hungary. Hungary imports Metalworking Machine Parts primarily from: Germany ($77.2M), Slovakia ($11.7M), Italy ($11.5M), Austria ($10.3M), and Czechia ($5.56M).

The fastest growing import markets in Metalworking Machine Parts for Hungary between 2021 and 2022 were Czechia ($2.48M), South Korea ($2.21M), and Luxembourg ($826k).

Latest Trends

Aug 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 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 (2022)$68.7M
IMPORTS (2022)$160M
NET TRADE (2022)-$91.3M

In 2022, Hungary exported $68.7M in Metalworking Machine Parts. The main destinations of Hungary exports on Metalworking Machine Parts were Germany ($44.7M), Austria ($3.27M), Italy ($3.16M), United States ($1.81M), and France ($1.62M).

In 2022, Hungary imported $160M in Metalworking Machine Parts, mainly from Germany ($77.2M), Slovakia ($11.7M), Italy ($11.5M), Austria ($10.3M), and Czechia ($5.56M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machine Parts EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Germany$3.69M (9.01%)
Canada$903k (566%)
Mexico$550k (69.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machine Parts BY Hungary WERE (2021 - 2022):
Romania-$737k (-37.9%)
United States-$660k (-26.8%)
Belgium-$593k (-27.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Metalworking Machine Parts were:
In 2022, 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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