2022
Exports
$10.6MWorld Rnk 60 / 119
Flag Rnk 534 / 1206
2022
PRODUCT COMPLEXITY IN Semi-Finished Iron
-0.88Rnk 800 / 1025
2022
Imports
$20.5MWorld Rnk 62 / 188
Flag Rnk 554 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $10.6M in Semi-Finished Iron, making it the 60th largest exporter of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 534th most exported product in Hungary. The main destination of Semi-Finished Iron exports from Hungary are: Italy ($4.09M), Austria ($2.18M), Germany ($1.52M), Romania ($1.14M), and Czechia ($738k).

The fastest growing export markets for Semi-Finished Iron of Hungary between 2021 and 2022 were Italy ($1.49M), Austria ($630k), and Germany ($620k).

Imports In 2022, Hungary imported $20.5M in Semi-Finished Iron, becoming the 62nd largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 554th most imported product in Hungary. Hungary imports Semi-Finished Iron primarily from: Ukraine ($10.5M), Italy ($3.48M), Czechia ($1.99M), Germany ($912k), and China ($885k).

The fastest growing import markets in Semi-Finished Iron for Hungary between 2021 and 2022 were Ukraine ($9.84M), China ($484k), and Austria ($363k).

Latest Trends

Mar 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 Semi-Finished 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 (2022)$10.6M
IMPORTS (2022)$20.5M
NET TRADE (2022)-$9.92M

In 2022, Hungary exported $10.6M in Semi-Finished Iron. The main destinations of Hungary exports on Semi-Finished Iron were Italy ($4.09M), Austria ($2.18M), Germany ($1.52M), Romania ($1.14M), and Czechia ($738k).

In 2022, Hungary imported $20.5M in Semi-Finished Iron, mainly from Ukraine ($10.5M), Italy ($3.48M), Czechia ($1.99M), Germany ($912k), and China ($885k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Semi-Finished Iron EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Italy$1.49M (57.7%)
Austria$630k (40.6%)
Germany$620k (68.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Semi-Finished Iron BY Hungary WERE (2021 - 2022):
Netherlands-$1.37M (-75.9%)
Saudi Arabia-$936k (-100%)
United Kingdom-$167k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Semi-Finished Iron were:
Russia $8.38B
Oman $3.44B
Brazil $3.42B
In 2022, Hungary's main importing competitors in Semi-Finished Iron were:

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Trade Value of Semi-Finished Iron by Exporters

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