2023
Exports
$408MWorld Rnk 25 / 207
Flag Rnk 71 / 1203
2023
PRODUCT COMPLEXITY IN Scrap Iron
-0.57Rnk 726 / 1025
2023
Imports
$33.4MWorld Rnk 58 / 177
Flag Rnk 435 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $408M in Scrap Iron, making it the 25th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 71st most exported product in Hungary. The main destination of Scrap Iron exports from Hungary are: Italy ($196M), Slovenia ($53.9M), Croatia ($51M), Austria ($36.6M), and Slovakia ($24.7M).

The fastest growing export markets for Scrap Iron of Hungary between 2022 and 2023 were Slovenia ($12.8M), Romania ($8.21M), and Malaysia ($575k).

Imports In 2023, Hungary imported $33.4M in Scrap Iron, becoming the 58th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 435th most imported product in Hungary. Hungary imports Scrap Iron primarily from: Slovakia ($19.1M), Italy ($3.3M), Germany ($2.9M), Austria ($2.87M), and Poland ($1.15M).

The fastest growing import markets in Scrap Iron for Hungary between 2022 and 2023 were Italy ($1.33M), Poland ($570k), and Ukraine ($430k).

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 Scrap Iron. 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)$408M
IMPORTS (2023)$33.4M
NET TRADE (2023)$375M

In 2023, Hungary exported $408M in Scrap Iron. The main destinations of Hungary exports on Scrap Iron were Italy ($196M), Slovenia ($53.9M), Croatia ($51M), Austria ($36.6M), and Slovakia ($24.7M).

In 2023, Hungary imported $33.4M in Scrap Iron, mainly from Slovakia ($19.1M), Italy ($3.3M), Germany ($2.9M), Austria ($2.87M), and Poland ($1.15M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Slovenia$12.8M (31.2%)
Romania$8.21M (216%)
Malaysia$575k (503%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Hungary WERE (2022 - 2023):
Croatia-$16.5M (-24.5%)
Italy-$14.4M (-6.87%)
Turkey-$12.9M (-83.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Scrap Iron were:
In 2023, Hungary's main importing competitors in Scrap Iron were:
Turkey $7.59B
India $6.63B
Italy $2.59B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $17.7M
TOP IMPORT POTENTIALGermany+ $2.97M

Scrap Iron’s highest export potential is Turkey. With an export gap of $17.7M.   Scrap Iron’s highest import potential is Germany with an import gap of $2.97M.

See methodology.

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