2022
Exports
$165MWorld Rnk 17 / 178
Flag Rnk 148 / 1206
2022
PRODUCT COMPLEXITY IN Soil Preparation Machinery
0.69Rnk 279 / 1025
2022
Imports
$241MWorld Rnk 13 / 211
Flag Rnk 121 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $165M in Soil Preparation Machinery, making it the 17th largest exporter of Soil Preparation Machinery in the world. At the same year, Soil Preparation Machinery was the 148th most exported product in Hungary. The main destination of Soil Preparation Machinery exports from Hungary are: Germany ($64.6M), Netherlands ($36.2M), Romania ($22M), United States ($9.12M), and Austria ($6.25M).

The fastest growing export markets for Soil Preparation Machinery of Hungary between 2021 and 2022 were Germany ($10.2M), Romania ($9.38M), and Netherlands ($6.91M).

Imports In 2022, Hungary imported $241M in Soil Preparation Machinery, becoming the 13th largest importer of Soil Preparation Machinery in the world. At the same year, Soil Preparation Machinery was the 121st most imported product in Hungary. Hungary imports Soil Preparation Machinery primarily from: Germany ($83.4M), Sweden ($33.4M), France ($23.3M), Czechia ($17.5M), and Poland ($14.7M).

The fastest growing import markets in Soil Preparation Machinery for Hungary between 2021 and 2022 were Germany ($12.8M), Sweden ($11.1M), and France ($5.06M).

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 Soil Preparation 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)$165M
IMPORTS (2022)$241M
NET TRADE (2022)-$75.9M

In 2022, Hungary exported $165M in Soil Preparation Machinery. The main destinations of Hungary exports on Soil Preparation Machinery were Germany ($64.6M), Netherlands ($36.2M), Romania ($22M), United States ($9.12M), and Austria ($6.25M).

In 2022, Hungary imported $241M in Soil Preparation Machinery, mainly from Germany ($83.4M), Sweden ($33.4M), France ($23.3M), Czechia ($17.5M), and Poland ($14.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soil Preparation Machinery EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Germany$10.2M (18.8%)
Romania$9.38M (74.5%)
Netherlands$6.91M (23.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soil Preparation Machinery BY Hungary WERE (2021 - 2022):
Canada-$478k (-77.6%)
Ukraine-$470k (-15.7%)
Poland-$288k (-34.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Soil Preparation Machinery were:
Germany $2.11B
China $1.21B
Italy $1.12B
In 2022, Hungary's main importing competitors in Soil Preparation Machinery were:

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Trade Value of Soil Preparation Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.51M
TOP IMPORT POTENTIALItaly+ $5.06M

Soil Preparation Machinery’s highest export potential is United States. With an export gap of $7.51M.   Soil Preparation Machinery’s highest import potential is Italy with an import gap of $5.06M.

See methodology.

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