2022
Exports
$57.5MWorld Rnk 30 / 209
Flag Rnk 273 / 1206
2022
PRODUCT COMPLEXITY IN Padlocks
0.82Rnk 236 / 1025
2022
Imports
$135MWorld Rnk 28 / 223
Flag Rnk 194 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $57.5M in Padlocks, making it the 30th largest exporter of Padlocks in the world. At the same year, Padlocks was the 273rd most exported product in Hungary. The main destination of Padlocks exports from Hungary are: Turkey ($13.1M), France ($11.5M), Germany ($6.07M), Romania ($5.47M), and Czechia ($3.38M).

The fastest growing export markets for Padlocks of Hungary between 2021 and 2022 were Turkey ($5.63M), Czechia ($1.76M), and United States ($430k).

Imports In 2022, Hungary imported $135M in Padlocks, becoming the 28th largest importer of Padlocks in the world. At the same year, Padlocks was the 194th most imported product in Hungary. Hungary imports Padlocks primarily from: Czechia ($24.7M), Germany ($20.6M), Poland ($16.4M), China ($15.3M), and Ukraine ($11.1M).

The fastest growing import markets in Padlocks for Hungary between 2021 and 2022 were Germany ($3.85M), China ($2.51M), and Ukraine ($1.21M).

Latest Trends

Jul 2024

Subnational Monthly Trade

View
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 Padlocks. 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)$57.5M
IMPORTS (2022)$135M
NET TRADE (2022)-$77.1M

In 2022, Hungary exported $57.5M in Padlocks. The main destinations of Hungary exports on Padlocks were Turkey ($13.1M), France ($11.5M), Germany ($6.07M), Romania ($5.47M), and Czechia ($3.38M).

In 2022, Hungary imported $135M in Padlocks, mainly from Czechia ($24.7M), Germany ($20.6M), Poland ($16.4M), China ($15.3M), and Ukraine ($11.1M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Padlocks EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Turkey$5.63M (75.4%)
Czechia$1.76M (109%)
United States$430k (90.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Padlocks BY Hungary WERE (2021 - 2022):
France-$3.54M (-23.5%)
Germany-$2.83M (-31.8%)
Romania-$1.07M (-16.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Padlocks were:
China $5.34B
Germany $1.37B
Mexico $1.27B
In 2022, Hungary's main importing competitors in Padlocks were:

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Trade Value of Padlocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.58M
TOP IMPORT POTENTIALChina+ $8.13M

Padlocks’s highest export potential is Germany. With an export gap of $3.58M.   Padlocks’s highest import potential is China with an import gap of $8.13M.

See methodology.

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