2023
Exports
$84MWorld Rnk 22 / 190
Flag Rnk 218 / 1203
2023
PRODUCT COMPLEXITY IN Stranded Iron Wire
0.24Rnk 479 / 1025
2023
Imports
$58.8MWorld Rnk 35 / 222
Flag Rnk 320 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $84M in Stranded Iron Wire, making it the 22nd largest exporter of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 218th most exported product in Hungary. The main destination of Stranded Iron Wire exports from Hungary are: United States ($14.9M), Czechia ($12.4M), Romania ($10.1M), Germany ($9.88M), and Netherlands ($8M).

The fastest growing export markets for Stranded Iron Wire of Hungary between 2022 and 2023 were Germany ($791k), Belgium ($470k), and Turkey ($186k).

Imports In 2023, Hungary imported $58.8M in Stranded Iron Wire, becoming the 35th largest importer of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 320th most imported product in Hungary. Hungary imports Stranded Iron Wire primarily from: China ($25.9M), Slovakia ($12.1M), Romania ($5.6M), Germany ($3.99M), and Ukraine ($1.89M).

The fastest growing import markets in Stranded Iron Wire for Hungary between 2022 and 2023 were Slovakia ($1.37M), Spain ($1.13M), and Turkey ($268k).

Latest Trends

Dec 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 Stranded Iron Wire. 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)$84M
IMPORTS (2023)$58.8M
NET TRADE (2023)$25.2M

In 2023, Hungary exported $84M in Stranded Iron Wire. The main destinations of Hungary exports on Stranded Iron Wire were United States ($14.9M), Czechia ($12.4M), Romania ($10.1M), Germany ($9.88M), and Netherlands ($8M).

In 2023, Hungary imported $58.8M in Stranded Iron Wire, mainly from China ($25.9M), Slovakia ($12.1M), Romania ($5.6M), Germany ($3.99M), and Ukraine ($1.89M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Stranded Iron Wire EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Germany$791k (8.7%)
Belgium$470k (34%)
Turkey$186k (41.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stranded Iron Wire BY Hungary WERE (2022 - 2023):
United States-$19.6M (-56.7%)
Netherlands-$7.14M (-47.2%)
Poland-$5.23M (-41%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Stranded Iron Wire were:
In 2023, Hungary's main importing competitors in Stranded Iron Wire were:

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Trade Value of Stranded Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.07M
TOP IMPORT POTENTIALChina+ $2.21M

Stranded Iron Wire’s highest export potential is United States. With an export gap of $4.07M.   Stranded Iron Wire’s highest import potential is China with an import gap of $2.21M.

See methodology.

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