2022
Exports
$195MWorld Rnk 28 / 162
Flag Rnk 136 / 1206
2022
PRODUCT COMPLEXITY IN Raw Iron Bars
-1.3Rnk 911 / 1025
2022
Imports
$295MWorld Rnk 23 / 217
Flag Rnk 103 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $195M in Raw Iron Bars, making it the 28th largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 136th most exported product in Hungary. The main destination of Raw Iron Bars exports from Hungary are: Poland ($87.2M), Austria ($45M), Slovakia ($28.5M), Czechia ($15.8M), and Germany ($8.03M).

The fastest growing export markets for Raw Iron Bars of Hungary between 2021 and 2022 were Austria ($19.7M), Germany ($3.53M), and Latvia ($1.54M).

Imports In 2022, Hungary imported $295M in Raw Iron Bars, becoming the 23rd largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 103rd most imported product in Hungary. Hungary imports Raw Iron Bars primarily from: Italy ($76.5M), Austria ($45.3M), Poland ($29.4M), Serbia ($27.8M), and Bulgaria ($25.2M).

The fastest growing import markets in Raw Iron Bars for Hungary between 2021 and 2022 were Romania ($14.1M), Austria ($13.1M), and Serbia ($12.8M).

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 Raw Iron Bars. 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)$195M
IMPORTS (2022)$295M
NET TRADE (2022)-$101M

In 2022, Hungary exported $195M in Raw Iron Bars. The main destinations of Hungary exports on Raw Iron Bars were Poland ($87.2M), Austria ($45M), Slovakia ($28.5M), Czechia ($15.8M), and Germany ($8.03M).

In 2022, Hungary imported $295M in Raw Iron Bars, mainly from Italy ($76.5M), Austria ($45.3M), Poland ($29.4M), Serbia ($27.8M), and Bulgaria ($25.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Austria$19.7M (78.2%)
Germany$3.53M (78.3%)
Latvia$1.54M (6.83k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Iron Bars BY Hungary WERE (2021 - 2022):
Poland-$20.2M (-18.8%)
Czechia-$771k (-4.66%)
Greece-$704k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Raw Iron Bars were:
Turkey $4.24B
Italy $1.71B
In 2022, Hungary's main importing competitors in Raw Iron Bars were:

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Trade Value of Raw Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $6.51M
TOP IMPORT POTENTIALGermany+ $2.78M

Raw Iron Bars’s highest export potential is Germany. With an export gap of $6.51M.   Raw Iron Bars’s highest import potential is Germany with an import gap of $2.78M.

See methodology.

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