2022
Exports
$3.87MWorld Rnk 39 / 92
Flag Rnk 701 / 1206
2022
PRODUCT COMPLEXITY IN Pig Iron
-1.18Rnk 876 / 1025
2022
Imports
$7.45MWorld Rnk 41 / 141
Flag Rnk 753 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $3.87M in Pig Iron, making it the 39th largest exporter of Pig Iron in the world. At the same year, Pig Iron was the 701st most exported product in Hungary. The main destination of Pig Iron exports from Hungary are: Italy ($3.38M), Slovakia ($321k), Austria ($104k), Germany ($43.1k), and Netherlands ($20.1k).

The fastest growing export markets for Pig Iron of Hungary between 2021 and 2022 were Italy ($1.3M), Netherlands ($15.2k), and United Kingdom ($2.48k).

Imports In 2022, Hungary imported $7.45M in Pig Iron, becoming the 41st largest importer of Pig Iron in the world. At the same year, Pig Iron was the 753rd most imported product in Hungary. Hungary imports Pig Iron primarily from: Germany ($1.86M), Slovakia ($1.58M), Austria ($1.12M), Poland ($1.06M), and Italy ($941k).

The fastest growing import markets in Pig Iron for Hungary between 2021 and 2022 were Germany ($1.59M), Austria ($405k), and South Africa ($384k).

Latest Trends

Oct 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 Pig Iron. 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)$3.87M
IMPORTS (2022)$7.45M
NET TRADE (2022)-$3.58M

In 2022, Hungary exported $3.87M in Pig Iron. The main destinations of Hungary exports on Pig Iron were Italy ($3.38M), Slovakia ($321k), Austria ($104k), Germany ($43.1k), and Netherlands ($20.1k).

In 2022, Hungary imported $7.45M in Pig Iron, mainly from Germany ($1.86M), Slovakia ($1.58M), Austria ($1.12M), Poland ($1.06M), and Italy ($941k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pig Iron EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Italy$1.3M (62.8%)
Netherlands$15.2k (314%)
United Kingdom$2.48k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pig Iron BY Hungary WERE (2021 - 2022):
Slovakia-$442k (-57.9%)
Germany-$67k (-60.8%)
Austria-$36k (-25.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Pig Iron were:
In 2022, Hungary's main importing competitors in Pig Iron were:

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Trade Value of Pig Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAustria+ $95.2k
TOP IMPORT POTENTIALSouth Africa+ $232k

Pig Iron’s highest export potential is Austria. With an export gap of $95.2k.   Pig Iron’s highest import potential is South Africa with an import gap of $232k.

See methodology.

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