2023
Exports
$459MWorld Rnk 14 / 190
Flag Rnk 64 / 1203
2023
PRODUCT COMPLEXITY IN Special Pharmaceuticals
0.53Rnk 356 / 1025
2023
Imports
$63.2MWorld Rnk 42 / 220
Flag Rnk 300 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $459M in Special Pharmaceuticals, making it the 14th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 64th most exported product in Hungary. The main destination of Special Pharmaceuticals exports from Hungary are: Russia ($174M), China ($36.3M), Italy ($28.6M), Spain ($20.7M), and United Kingdom ($17.2M).

The fastest growing export markets for Special Pharmaceuticals of Hungary between 2022 and 2023 were Russia ($52.2M), China ($14.4M), and Canada ($9.85M).

Imports In 2023, Hungary imported $63.2M in Special Pharmaceuticals, becoming the 42nd largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 300th most imported product in Hungary. Hungary imports Special Pharmaceuticals primarily from: Germany ($19.6M), Netherlands ($14.1M), United Kingdom ($7.44M), Belgium ($5.3M), and France ($2.81M).

The fastest growing import markets in Special Pharmaceuticals for Hungary between 2022 and 2023 were United Kingdom ($2.86M), Switzerland ($1.41M), and Netherlands ($910k).

Latest Trends

Jan 2025

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 Special Pharmaceuticals. 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)$459M
IMPORTS (2023)$63.2M
NET TRADE (2023)$395M

In 2023, Hungary exported $459M in Special Pharmaceuticals. The main destinations of Hungary exports on Special Pharmaceuticals were Russia ($174M), China ($36.3M), Italy ($28.6M), Spain ($20.7M), and United Kingdom ($17.2M).

In 2023, Hungary imported $63.2M in Special Pharmaceuticals, mainly from Germany ($19.6M), Netherlands ($14.1M), United Kingdom ($7.44M), Belgium ($5.3M), and France ($2.81M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Russia$52.2M (42.9%)
China$14.4M (65.7%)
Canada$9.85M (270%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Hungary WERE (2022 - 2023):
Germany-$15.3M (-47.6%)
Kazakhstan-$5.31M (-75.4%)
France-$4.74M (-36.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Special Pharmaceuticals were:
In 2023, Hungary's main importing competitors in Special Pharmaceuticals were:

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $27.8M
TOP IMPORT POTENTIALGermany+ $5.03M

Special Pharmaceuticals’s highest export potential is United States. With an export gap of $27.8M.   Special Pharmaceuticals’s highest import potential is Germany with an import gap of $5.03M.

See methodology.

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