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2022
Exports $64.8MWorld Rnk 26 / 206
Flag Rnk 257 / 1206
2022
Destination $3.11M Belgium
2021 - 2022
FASTEST GROWING MARKET $3.11MUnited States
2022
PRODUCT COMPLEXITY IN Motor-working Tools1.33Rnk 88 / 1025
2022
Imports $97.5MWorld Rnk 27 / 224
Flag Rnk 249 / 1210
2022
Origin $830k China
2021 - 2022
FASTEST GROWING ORIGIN $830kMalaysia
2022
ECONOMIC COMPLEXITY of Hungary1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $64.8M in Motor-working Tools, making it the 26th largest exporter of Motor-working Tools in the world. At the same year, Motor-working Tools was the 257th most exported product in Hungary. The main destination of Motor-working Tools exports from Hungary are: Belgium ($30.6M), United States ($7.27M), Germany ($4.04M), Mexico ($2.6M), and Austria ($2.32M).

The fastest growing export markets for Motor-working Tools of Hungary between 2021 and 2022 were United States ($3.11M), France ($853k), and Bulgaria ($827k).

Imports In 2022, Hungary imported $97.5M in Motor-working Tools, becoming the 27th largest importer of Motor-working Tools in the world. At the same year, Motor-working Tools was the 249th most imported product in Hungary. Hungary imports Motor-working Tools primarily from: China ($30.1M), Germany ($15.1M), Sweden ($14.5M), Czechia ($7.4M), and Malaysia ($4.03M).

The fastest growing import markets in Motor-working Tools for Hungary between 2021 and 2022 were Malaysia ($830k), Chinese Taipei ($659k), and Belgium ($569k).

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 Motor-working Tools. 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)$64.8M
IMPORTS (2022)$97.5M
NET TRADE (2022)-$32.7M

In 2022, Hungary exported $64.8M in Motor-working Tools. The main destinations of Hungary exports on Motor-working Tools were Belgium ($30.6M), United States ($7.27M), Germany ($4.04M), Mexico ($2.6M), and Austria ($2.32M).

In 2022, Hungary imported $97.5M in Motor-working Tools, mainly from China ($30.1M), Germany ($15.1M), Sweden ($14.5M), Czechia ($7.4M), and Malaysia ($4.03M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor-working Tools EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
United States$3.11M (74.5%)
France$853k (133%)
Bulgaria$827k (109%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor-working Tools BY Hungary WERE (2021 - 2022):
Poland-$5.44M (-96.2%)
Belgium-$3.63M (-10.6%)
China-$2.49M (-88.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Motor-working Tools were:
China $3.37B
Germany $1.3B
Chinese Taipei $897M
In 2022, Hungary's main importing competitors in Motor-working Tools were:
United States $1.76B
Germany $581M
France $454M

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Trade Value of Motor-working Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $18.3M
TOP IMPORT POTENTIALChina+ $24.4M

Motor-working Tools’s highest export potential is United States. With an export gap of $18.3M.   Motor-working Tools’s highest import potential is China with an import gap of $24.4M.

See methodology.

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