2022
Exports | Imports
$9.91M | $48.8MWorld Rnk 29 / 157
Flag Rnk 547 / 1206
World Rnk 37 / 215
Flag Rnk 381 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.36Rnk 13 / 124
2022
PRODUCT COMPLEXITY IN Silicone
1.76Rnk 17 / 1025

About

Exports In 2022, Hungary exported $9.91M in Silicone, making it the 29th largest exporter of Silicone in the world. At the same year, Silicone was the 547th most exported product in Hungary. The main destination of Silicone exports from Hungary are: Spain ($1.79M), Italy ($1.3M), Poland ($1.06M), Germany ($999k), and Romania ($932k).

The fastest growing export markets for Silicone of Hungary between 2021 and 2022 were Italy ($593k), Poland ($437k), and Romania ($328k).

Imports In 2022, Hungary imported $48.8M in Silicone, becoming the 37th largest importer of Silicone in the world. At the same year, Silicone was the 381st most imported product in Hungary. Hungary imports Silicone primarily from: Germany ($19.5M), Belgium ($4.14M), Hong Kong ($3.97M), Netherlands ($3.63M), and China ($3.57M).

The fastest growing import markets in Silicone for Hungary between 2021 and 2022 were Belgium ($2.78M), Hong Kong ($1.94M), and Netherlands ($1.88M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Silicone from Hungary to the United States.

Latest Trends

Feb 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 Silicone. 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)$9.91M
IMPORTS (2022)$48.8M
NET TRADE (2022)-$38.9M

In 2022, Hungary exported $9.91M in Silicone. The main destinations of Hungary exports on Silicone were Spain ($1.79M), Italy ($1.3M), Poland ($1.06M), Germany ($999k), and Romania ($932k).

In 2022, Hungary imported $48.8M in Silicone, mainly from Germany ($19.5M), Belgium ($4.14M), Hong Kong ($3.97M), Netherlands ($3.63M), and China ($3.57M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Italy$593k (83.9%)
Poland$437k (70.3%)
Romania$328k (54.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY Hungary WERE (2021 - 2022):
Luxembourg-$487k (-87.1%)
Czechia-$480k (-89.4%)
Costa Rica-$367k (-95.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Silicone by Exporters

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