2022
Exports
$528kWorld Rnk 46 / 73
Flag Rnk 959 / 1206
falsefalse United States
2022
PRODUCT COMPLEXITY IN Military Weapons
0.3Rnk 453 / 1025
2022
Imports
$1.44MWorld Rnk 65 / 143
Flag Rnk 991 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $528k in Military Weapons, making it the 46th largest exporter of Military Weapons in the world. At the same year, Military Weapons was the 959th most exported product in Hungary. The main destination of Military Weapons exports from Hungary are: United States ($525k) and Canada ($2.26k).

Imports In 2022, Hungary imported $1.44M in Military Weapons, becoming the 65th largest importer of Military Weapons in the world. At the same year, Military Weapons was the 991st most imported product in Hungary. Hungary imports Military Weapons primarily from: Bosnia and Herzegovina ($1.39M), United Arab Emirates ($28.2k), Switzerland ($18k), Slovakia ($480), and Netherlands ($2).

The fastest growing import markets in Military Weapons for Hungary between 2021 and 2022 were Bosnia and Herzegovina ($1.39M), United Arab Emirates ($28.2k), and Switzerland ($6.53k).

Latest Trends

Sep 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 Military Weapons. 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)$528k
IMPORTS (2022)$1.44M
NET TRADE (2022)-$911k

In 2022, Hungary exported $528k in Military Weapons. The main destinations of Hungary exports on Military Weapons were United States ($525k) and Canada ($2.26k).

In 2022, Hungary imported $1.44M in Military Weapons, mainly from Bosnia and Herzegovina ($1.39M), United Arab Emirates ($28.2k), Switzerland ($18k), Slovakia ($480), and Netherlands ($2).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Military Weapons BY Hungary WERE (2021 - 2022):
United States-$16.8k (-3.09%)
Bosnia and Herzegovina-$13.1k (-100%)
Canada-$2.28k (-50.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Military Weapons were:
In 2022, Hungary's main importing competitors in Military Weapons were:

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Trade Value of Military Weapons by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $4.83k
TOP IMPORT POTENTIALSwitzerland+ $33.5k

Military Weapons’s highest export potential is Canada. With an export gap of $4.83k.   Military Weapons’s highest import potential is Switzerland with an import gap of $33.5k.

See methodology.

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