2023
Exports
$4.41BWorld Rnk 20 / 214
Flag Rnk 4 / 1203
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$2.84BWorld Rnk 29 / 226
Flag Rnk 9 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $4.41B in Packaged Medicaments, making it the 20th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most exported product in Hungary. The main destination of Packaged Medicaments exports from Hungary are: Romania ($643M), Germany ($397M), France ($344M), Poland ($338M), and Russia ($293M).

The fastest growing export markets for Packaged Medicaments of Hungary between 2022 and 2023 were Bulgaria ($176M), Germany ($76.9M), and France ($71.1M).

Imports In 2023, Hungary imported $2.84B in Packaged Medicaments, becoming the 29th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 9th most imported product in Hungary. Hungary imports Packaged Medicaments primarily from: Germany ($435M), Belgium ($389M), France ($351M), Netherlands ($301M), and Austria ($146M).

The fastest growing import markets in Packaged Medicaments for Hungary between 2022 and 2023 were Sweden ($44.4M), Austria ($30M), and Romania ($29.8M).

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 Packaged Medicaments. 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)$4.41B
IMPORTS (2023)$2.84B
NET TRADE (2023)$1.57B

In 2023, Hungary exported $4.41B in Packaged Medicaments. The main destinations of Hungary exports on Packaged Medicaments were Romania ($643M), Germany ($397M), France ($344M), Poland ($338M), and Russia ($293M).

In 2023, Hungary imported $2.84B in Packaged Medicaments, mainly from Germany ($435M), Belgium ($389M), France ($351M), Netherlands ($301M), and Austria ($146M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Bulgaria$176M (188%)
Germany$76.9M (24%)
France$71.1M (26%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Hungary WERE (2022 - 2023):
United States-$721M (-92%)
Romania-$23.5M (-3.53%)
Albania-$11.1M (-82.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Packaged Medicaments were:
In 2023, Hungary's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $316M
TOP IMPORT POTENTIALGermany+ $116M

Packaged Medicaments’s highest export potential is United States. With an export gap of $316M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $116M.

See methodology.

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