2023
Exports
$67MWorld Rnk 22 / 199
Flag Rnk 245 / 1203
2023
PRODUCT COMPLEXITY IN Motor-working Tools
1.34Rnk 73 / 1025
2023
Imports
$78.4MWorld Rnk 28 / 225
Flag Rnk 266 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $67M in Motor-working Tools, making it the 22nd largest exporter of Motor-working Tools in the world. At the same year, Motor-working Tools was the 245th most exported product in Hungary. The main destination of Motor-working Tools exports from Hungary are: Belgium ($27.2M), Germany ($7.64M), United States ($5.42M), Romania ($3.14M), and China ($2.59M).

The fastest growing export markets for Motor-working Tools of Hungary between 2022 and 2023 were China ($1.22M), Sweden ($699k), and Saudi Arabia ($630k).

Imports In 2023, Hungary imported $78.4M in Motor-working Tools, becoming the 28th largest importer of Motor-working Tools in the world. At the same year, Motor-working Tools was the 266th most imported product in Hungary. Hungary imports Motor-working Tools primarily from: Sweden ($19.1M), Germany ($16.6M), China ($12.4M), Czechia ($3.97M), and Poland ($3.3M).

The fastest growing import markets in Motor-working Tools for Hungary between 2022 and 2023 were United States ($764k), Turkey ($358k), and France ($357k).

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 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 (2023)$67M
IMPORTS (2023)$78.4M
NET TRADE (2023)-$11.4M

In 2023, Hungary exported $67M in Motor-working Tools. The main destinations of Hungary exports on Motor-working Tools were Belgium ($27.2M), Germany ($7.64M), United States ($5.42M), Romania ($3.14M), and China ($2.59M).

In 2023, Hungary imported $78.4M in Motor-working Tools, mainly from Sweden ($19.1M), Germany ($16.6M), China ($12.4M), Czechia ($3.97M), and Poland ($3.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Motor-working Tools EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
China$1.22M (88.7%)
Sweden$699k (40.1%)
Saudi Arabia$630k (151%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor-working Tools BY Hungary WERE (2022 - 2023):
Belgium-$24.1M (-47%)
United States-$3.22M (-37.2%)
Mexico-$1.22M (-43%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Motor-working Tools were:
In 2023, Hungary's main importing competitors in Motor-working Tools were:

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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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