2022
Exports
$7.04MWorld Rnk 26 / 97
Flag Rnk 612 / 1206
2022
PRODUCT COMPLEXITY IN Scrap Nickel
-0.18Rnk 609 / 1025
2022
Imports
$594kWorld Rnk 34 / 77
Flag Rnk 1060 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $7.04M in Scrap Nickel, making it the 26th largest exporter of Scrap Nickel in the world. At the same year, Scrap Nickel was the 612th most exported product in Hungary. The main destination of Scrap Nickel exports from Hungary are: China ($2.6M), Malaysia ($2.02M), South Korea ($737k), Singapore ($596k), and United Kingdom ($425k).

The fastest growing export markets for Scrap Nickel of Hungary between 2021 and 2022 were China ($2.6M), Malaysia ($2.02M), and South Korea ($737k).

Imports In 2022, Hungary imported $594k in Scrap Nickel, becoming the 34th largest importer of Scrap Nickel in the world. At the same year, Scrap Nickel was the 1060th most imported product in Hungary. Hungary imports Scrap Nickel primarily from: Serbia ($437k), Slovakia ($145k), Austria ($4.01k), Netherlands ($3.31k), and Germany ($2.94k).

The fastest growing import markets in Scrap Nickel for Hungary between 2021 and 2022 were Serbia ($353k), Slovakia ($137k), and Austria ($4.01k).

Latest Trends

Jul 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 Nickel. 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)$7.04M
IMPORTS (2022)$594k
NET TRADE (2022)$6.44M

In 2022, Hungary exported $7.04M in Scrap Nickel. The main destinations of Hungary exports on Scrap Nickel were China ($2.6M), Malaysia ($2.02M), South Korea ($737k), Singapore ($596k), and United Kingdom ($425k).

In 2022, Hungary imported $594k in Scrap Nickel, mainly from Serbia ($437k), Slovakia ($145k), Austria ($4.01k), Netherlands ($3.31k), and Germany ($2.94k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Nickel EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
China$2.6M (1%)
Malaysia$2.02M (1%)
South Korea$737k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Nickel BY Hungary WERE (2021 - 2022):
Netherlands-$345k (-62.9%)
Japan-$44.7k (-41.1%)
Austria-$20.6k (-97.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Scrap Nickel were:
In 2022, Hungary's main importing competitors in Scrap Nickel were:

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Trade Value of Scrap Nickel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $322k
TOP IMPORT POTENTIALAustria+ $13.9k

Scrap Nickel’s highest export potential is United Kingdom. With an export gap of $322k.   Scrap Nickel’s highest import potential is Austria with an import gap of $13.9k.

See methodology.

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