2022
Exports
$69.1MWorld Rnk 31 / 187
Flag Rnk 246 / 1206
2022
PRODUCT COMPLEXITY IN Rubberworking Machinery
1.71Rnk 22 / 1025
2022
Imports
$261MWorld Rnk 26 / 213
Flag Rnk 116 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $69.1M in Rubberworking Machinery, making it the 31st largest exporter of Rubberworking Machinery in the world. At the same year, Rubberworking Machinery was the 246th most exported product in Hungary. The main destination of Rubberworking Machinery exports from Hungary are: Austria ($16.6M), Germany ($14.9M), Poland ($5.42M), Serbia ($4.46M), and Costa Rica ($4.1M).

The fastest growing export markets for Rubberworking Machinery of Hungary between 2021 and 2022 were Serbia ($3.58M), Croatia ($1.63M), and Morocco ($940k).

Imports In 2022, Hungary imported $261M in Rubberworking Machinery, becoming the 26th largest importer of Rubberworking Machinery in the world. At the same year, Rubberworking Machinery was the 116th most imported product in Hungary. Hungary imports Rubberworking Machinery primarily from: Germany ($63.4M), Austria ($39.2M), Japan ($38M), China ($23.5M), and Denmark ($20.1M).

The fastest growing import markets in Rubberworking Machinery for Hungary between 2021 and 2022 were Japan ($34.2M), China ($7.84M), and South Korea ($4.97M).

COMPANIES In 2023, leading companies such as John Deere (3) were at the forefront of shipping Rubberworking Machinery from Hungary to the United States.

Latest Trends

Sep 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 Rubberworking Machinery. 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)$69.1M
IMPORTS (2022)$261M
NET TRADE (2022)-$192M

In 2022, Hungary exported $69.1M in Rubberworking Machinery. The main destinations of Hungary exports on Rubberworking Machinery were Austria ($16.6M), Germany ($14.9M), Poland ($5.42M), Serbia ($4.46M), and Costa Rica ($4.1M).

In 2022, Hungary imported $261M in Rubberworking Machinery, mainly from Germany ($63.4M), Austria ($39.2M), Japan ($38M), China ($23.5M), and Denmark ($20.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubberworking Machinery EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Serbia$3.58M (403%)
Croatia$1.63M (1.57k%)
Morocco$940k (542%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubberworking Machinery BY Hungary WERE (2021 - 2022):
Austria-$9.75M (-37.1%)
Italy-$2.5M (-61.7%)
Germany-$2.38M (-13.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Rubberworking Machinery were:
China $7.21B
Japan $2.29B
In 2022, Hungary's main importing competitors in Rubberworking Machinery were:

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Trade Value of Rubberworking Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $4.05M
TOP IMPORT POTENTIALChina+ $12.4M

Rubberworking Machinery’s highest export potential is Germany. With an export gap of $4.05M.   Rubberworking Machinery’s highest import potential is China with an import gap of $12.4M.

See methodology.

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