2023
Exports
$1.99BWorld Rnk 18 / 207
Flag Rnk 13 / 1203
2023
PRODUCT COMPLEXITY IN Rubber Tires
0.23Rnk 486 / 1025
2023
Imports
$736MWorld Rnk 32 / 225
Flag Rnk 39 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $1.99B in Rubber Tires, making it the 18th largest exporter of Rubber Tires in the world. At the same year, Rubber Tires was the 13th most exported product in Hungary. The main destination of Rubber Tires exports from Hungary are: Germany ($357M), Netherlands ($262M), United Kingdom ($137M), France ($136M), and Czechia ($133M).

The fastest growing export markets for Rubber Tires of Hungary between 2022 and 2023 were Netherlands ($72.4M), United Kingdom ($24.3M), and Poland ($22.3M).

Imports In 2023, Hungary imported $736M in Rubber Tires, becoming the 32nd largest importer of Rubber Tires in the world. At the same year, Rubber Tires was the 39th most imported product in Hungary. Hungary imports Rubber Tires primarily from: Germany ($170M), Belgium ($73.2M), Poland ($69.8M), Slovakia ($67.2M), and Spain ($48.3M).

The fastest growing import markets in Rubber Tires for Hungary between 2022 and 2023 were Poland ($12.8M), Slovakia ($5.27M), and United Arab Emirates ($4.29M).

COMPANIES In 2024, leading companies such as Hankook Tires (85) were at the forefront of shipping Rubber Tires from Hungary to the United States.

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 Rubber Tires. 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)$1.99B
IMPORTS (2023)$736M
NET TRADE (2023)$1.25B

In 2023, Hungary exported $1.99B in Rubber Tires. The main destinations of Hungary exports on Rubber Tires were Germany ($357M), Netherlands ($262M), United Kingdom ($137M), France ($136M), and Czechia ($133M).

In 2023, Hungary imported $736M in Rubber Tires, mainly from Germany ($170M), Belgium ($73.2M), Poland ($69.8M), Slovakia ($67.2M), and Spain ($48.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rubber Tires EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Netherlands$72.4M (38.2%)
United Kingdom$24.3M (21.5%)
Poland$22.3M (30%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Tires BY Hungary WERE (2022 - 2023):
Canada-$5.98M (-28.2%)
Russia-$5.74M (-93.8%)
Serbia-$5M (-38.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Rubber Tires were:
China $21.1B
Japan $6.54B
In 2023, Hungary's main importing competitors in Rubber Tires were:

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Trade Value of Rubber Tires by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $81.8M
TOP IMPORT POTENTIALChina+ $29.3M

Rubber Tires’s highest export potential is United States. With an export gap of $81.8M.   Rubber Tires’s highest import potential is China with an import gap of $29.3M.

See methodology.

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