2022
Exports
$1.48MWorld Rnk 41 / 166
Flag Rnk 855 / 1206
2022
PRODUCT COMPLEXITY IN Musical Instrument Parts
1.19Rnk 106 / 1025
2022
Imports
$2.56MWorld Rnk 53 / 204
Flag Rnk 918 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $1.48M in Musical Instrument Parts, making it the 41st largest exporter of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 855th most exported product in Hungary. The main destination of Musical Instrument Parts exports from Hungary are: Germany ($313k), United States ($275k), Switzerland ($152k), Austria ($122k), and Romania ($87.2k).

The fastest growing export markets for Musical Instrument Parts of Hungary between 2021 and 2022 were United States ($264k), Austria ($89k), and Egypt ($49.8k).

Imports In 2022, Hungary imported $2.56M in Musical Instrument Parts, becoming the 53rd largest importer of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 918th most imported product in Hungary. Hungary imports Musical Instrument Parts primarily from: Germany ($1.01M), United States ($405k), China ($181k), Czechia ($167k), and Slovenia ($134k).

The fastest growing import markets in Musical Instrument Parts for Hungary between 2021 and 2022 were Slovenia ($116k), United States ($67.2k), and Netherlands ($27.5k).

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 Musical Instrument 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)$1.48M
IMPORTS (2022)$2.56M
NET TRADE (2022)-$1.08M

In 2022, Hungary exported $1.48M in Musical Instrument Parts. The main destinations of Hungary exports on Musical Instrument Parts were Germany ($313k), United States ($275k), Switzerland ($152k), Austria ($122k), and Romania ($87.2k).

In 2022, Hungary imported $2.56M in Musical Instrument Parts, mainly from Germany ($1.01M), United States ($405k), China ($181k), Czechia ($167k), and Slovenia ($134k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Musical Instrument Parts EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
United States$264k (2.33k%)
Austria$89k (267%)
Egypt$49.8k (737%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical Instrument Parts BY Hungary WERE (2021 - 2022):
Germany-$63.4k (-16.8%)
Italy-$47.3k (-58.7%)
Switzerland-$39.3k (-20.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Musical Instrument Parts were:
In 2022, Hungary's main importing competitors in Musical Instrument Parts were:

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Trade Value of Musical Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $218k
TOP IMPORT POTENTIALChina+ $215k

Musical Instrument Parts’s highest export potential is United States. With an export gap of $218k.   Musical Instrument Parts’s highest import potential is China with an import gap of $215k.

See methodology.

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