2023
Exports
$422MWorld Rnk 23 / 212
Flag Rnk 69 / 1203
2023
PRODUCT COMPLEXITY IN Other Heating Machinery
1.3Rnk 78 / 1025
2023
Imports
$312MWorld Rnk 37 / 225
Flag Rnk 90 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $422M in Other Heating Machinery, making it the 23rd largest exporter of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 69th most exported product in Hungary. The main destination of Other Heating Machinery exports from Hungary are: Germany ($145M), United States ($31.7M), Netherlands ($30M), China ($27.3M), and Austria ($16.9M).

The fastest growing export markets for Other Heating Machinery of Hungary between 2022 and 2023 were China ($15.8M), Indonesia ($15.4M), and Germany ($12.4M).

Imports In 2023, Hungary imported $312M in Other Heating Machinery, becoming the 37th largest importer of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 90th most imported product in Hungary. Hungary imports Other Heating Machinery primarily from: Romania ($63.5M), Germany ($54.2M), South Korea ($36M), China ($26.8M), and Italy ($23.3M).

The fastest growing import markets in Other Heating Machinery for Hungary between 2022 and 2023 were South Korea ($15.6M), Germany ($12.1M), and China ($9.97M).

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 Other Heating 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)$422M
IMPORTS (2023)$312M
NET TRADE (2023)$111M

In 2023, Hungary exported $422M in Other Heating Machinery. The main destinations of Hungary exports on Other Heating Machinery were Germany ($145M), United States ($31.7M), Netherlands ($30M), China ($27.3M), and Austria ($16.9M).

In 2023, Hungary imported $312M in Other Heating Machinery, mainly from Romania ($63.5M), Germany ($54.2M), South Korea ($36M), China ($26.8M), and Italy ($23.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Heating Machinery EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
China$15.8M (136%)
Indonesia$15.4M (1.08k%)
Germany$12.4M (9.37%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Heating Machinery BY Hungary WERE (2022 - 2023):
Russia-$16.2M (-98.9%)
Austria-$8.51M (-33.5%)
Brazil-$8.5M (-81%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Other Heating Machinery were:
China $8.69B
Germany $5.96B
Italy $4.77B
In 2023, Hungary's main importing competitors in Other Heating Machinery were:

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Trade Value of Other Heating Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $24M
TOP IMPORT POTENTIALChina+ $14.9M

Other Heating Machinery’s highest export potential is United States. With an export gap of $24M.   Other Heating Machinery’s highest import potential is China with an import gap of $14.9M.

See methodology.

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