2023
Exports
$462MWorld Rnk 22 / 217
Flag Rnk 62 / 1203
2023
PRODUCT COMPLEXITY IN Other Electrical Machinery
1.46Rnk 52 / 1025
2023
Imports
$321MWorld Rnk 33 / 225
Flag Rnk 87 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $462M in Other Electrical Machinery, making it the 22nd largest exporter of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 62nd most exported product in Hungary. The main destination of Other Electrical Machinery exports from Hungary are: Germany ($116M), United States ($75.2M), Sweden ($33.9M), Austria ($21M), and France ($18.5M).

The fastest growing export markets for Other Electrical Machinery of Hungary between 2022 and 2023 were United States ($21.2M), Austria ($15.6M), and Sweden ($15.5M).

Imports In 2023, Hungary imported $321M in Other Electrical Machinery, becoming the 33rd largest importer of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 87th most imported product in Hungary. Hungary imports Other Electrical Machinery primarily from: Germany ($102M), China ($60.6M), France ($18.8M), United States ($15.5M), and Netherlands ($13.8M).

The fastest growing import markets in Other Electrical Machinery for Hungary between 2022 and 2023 were France ($11.2M), Croatia ($6.18M), and Poland ($2.73M).

Latest Trends

Dec 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 Other Electrical Machinery. 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)$462M
IMPORTS (2023)$321M
NET TRADE (2023)$141M

In 2023, Hungary exported $462M in Other Electrical Machinery. The main destinations of Hungary exports on Other Electrical Machinery were Germany ($116M), United States ($75.2M), Sweden ($33.9M), Austria ($21M), and France ($18.5M).

In 2023, Hungary imported $321M in Other Electrical Machinery, mainly from Germany ($102M), China ($60.6M), France ($18.8M), United States ($15.5M), and Netherlands ($13.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Electrical Machinery EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
United States$21.2M (39.2%)
Austria$15.6M (294%)
Sweden$15.5M (84.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Electrical Machinery BY Hungary WERE (2022 - 2023):
Greece-$9.88M (-68.3%)
France-$6.36M (-25.6%)
Slovakia-$4.52M (-57.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Other Electrical Machinery were:
In 2023, Hungary's main importing competitors in Other Electrical Machinery were:

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Trade Value of Other Electrical Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $37.5M
TOP IMPORT POTENTIALChina+ $30.3M

Other Electrical Machinery’s highest export potential is United States. With an export gap of $37.5M.   Other Electrical Machinery’s highest import potential is China with an import gap of $30.3M.

See methodology.

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