2023
Exports
$112MWorld Rnk 37 / 170
Flag Rnk 185 / 1203
2023
PRODUCT COMPLEXITY IN Raw Iron Bars
-1.34Rnk 913 / 1025
2023
Imports
$176MWorld Rnk 30 / 220
Flag Rnk 147 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $112M in Raw Iron Bars, making it the 37th largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 185th most exported product in Hungary. The main destination of Raw Iron Bars exports from Hungary are: Poland ($57.6M), Austria ($29.2M), Slovakia ($13.3M), Romania ($6.21M), and Czechia ($2.63M).

The fastest growing export markets for Raw Iron Bars of Hungary between 2022 and 2023 were Ukraine ($463k), Serbia ($94.2k), and Turkey ($86.2k).

Imports In 2023, Hungary imported $176M in Raw Iron Bars, becoming the 30th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 147th most imported product in Hungary. Hungary imports Raw Iron Bars primarily from: Italy ($62.8M), Austria ($54.3M), Poland ($15M), Serbia ($10.1M), and Bosnia and Herzegovina ($6.54M).

The fastest growing import markets in Raw Iron Bars for Hungary between 2022 and 2023 were France ($70.1k), Cyprus ($30.2k), and Singapore ($27.4k).

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 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 (2023)$112M
IMPORTS (2023)$176M
NET TRADE (2023)-$63.4M

In 2023, Hungary exported $112M in Raw Iron Bars. The main destinations of Hungary exports on Raw Iron Bars were Poland ($57.6M), Austria ($29.2M), Slovakia ($13.3M), Romania ($6.21M), and Czechia ($2.63M).

In 2023, Hungary imported $176M in Raw Iron Bars, mainly from Italy ($62.8M), Austria ($54.3M), Poland ($15M), Serbia ($10.1M), and Bosnia and Herzegovina ($6.54M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Ukraine$463k (1%)
Serbia$94.2k (78.7%)
Turkey$86.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Iron Bars BY Hungary WERE (2022 - 2023):
Poland-$27.1M (-32%)
Slovakia-$13.5M (-50.4%)
Czechia-$11.3M (-81.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Raw Iron Bars were:
Turkey $2.16B
China $1.97B
In 2023, 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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