2022
Exports
$1.89BWorld Rnk 17 / 203
Flag Rnk 14 / 1206
2022
PRODUCT COMPLEXITY IN Rubber Tires
0.16Rnk 500 / 1025
2022
Imports
$703MWorld Rnk 33 / 225
Flag Rnk 40 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $1.89B in Rubber Tires, making it the 17th largest exporter of Rubber Tires in the world. At the same year, Rubber Tires was the 14th most exported product in Hungary. The main destination of Rubber Tires exports from Hungary are: Germany ($397M), Netherlands ($196M), France ($129M), Czechia ($116M), and Italy ($113M).

The fastest growing export markets for Rubber Tires of Hungary between 2021 and 2022 were Czechia ($36.2M), Germany ($28.2M), and United States ($25.5M).

Imports In 2022, Hungary imported $703M in Rubber Tires, becoming the 33rd largest importer of Rubber Tires in the world. At the same year, Rubber Tires was the 40th most imported product in Hungary. Hungary imports Rubber Tires primarily from: Germany ($155M), Slovakia ($76.7M), Poland ($59.1M), Belgium ($49.5M), and Czechia ($41.3M).

The fastest growing import markets in Rubber Tires for Hungary between 2021 and 2022 were Germany ($24.7M), Belgium ($11.6M), and South Korea ($10.6M).

COMPANIES In 2023, leading companies such as Hankook Tires (188) were at the forefront of shipping Rubber Tires from Hungary to the United States.

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 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 (2022)$1.89B
IMPORTS (2022)$703M
NET TRADE (2022)$1.18B

In 2022, Hungary exported $1.89B in Rubber Tires. The main destinations of Hungary exports on Rubber Tires were Germany ($397M), Netherlands ($196M), France ($129M), Czechia ($116M), and Italy ($113M).

In 2022, Hungary imported $703M in Rubber Tires, mainly from Germany ($155M), Slovakia ($76.7M), Poland ($59.1M), Belgium ($49.5M), and Czechia ($41.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Tires EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Czechia$36.2M (45.5%)
Germany$28.2M (7.63%)
United States$25.5M (44.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Tires BY Hungary WERE (2021 - 2022):
Austria-$44.7M (-39.3%)
Russia-$29.7M (-82.9%)
Netherlands-$16.7M (-7.82%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Rubber Tires were:
In 2022, 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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