2022
Exports
$15.5MWorld Rnk 32 / 176
Flag Rnk 468 / 1206
2022
PRODUCT COMPLEXITY IN Textile Processing Machines
1.32Rnk 91 / 1025
2022
Imports
$32.5MWorld Rnk 52 / 216
Flag Rnk 460 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $15.5M in Textile Processing Machines, making it the 32nd largest exporter of Textile Processing Machines in the world. At the same year, Textile Processing Machines was the 468th most exported product in Hungary. The main destination of Textile Processing Machines exports from Hungary are: Germany ($6.23M), Bulgaria ($2.01M), Australia ($1.26M), China ($1.17M), and Poland ($1.05M).

The fastest growing export markets for Textile Processing Machines of Hungary between 2021 and 2022 were Australia ($1.21M), Lithuania ($258k), and United Kingdom ($221k).

Imports In 2022, Hungary imported $32.5M in Textile Processing Machines, becoming the 52nd largest importer of Textile Processing Machines in the world. At the same year, Textile Processing Machines was the 460th most imported product in Hungary. Hungary imports Textile Processing Machines primarily from: Poland ($11.7M), Turkey ($4.81M), Germany ($3.91M), Slovakia ($2.69M), and China ($2.1M).

The fastest growing import markets in Textile Processing Machines for Hungary between 2021 and 2022 were China ($1.36M), Spain ($187k), and South Korea ($127k).

Latest Trends

Oct 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 Textile Processing Machines. 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)$15.5M
IMPORTS (2022)$32.5M
NET TRADE (2022)-$17M

In 2022, Hungary exported $15.5M in Textile Processing Machines. The main destinations of Hungary exports on Textile Processing Machines were Germany ($6.23M), Bulgaria ($2.01M), Australia ($1.26M), China ($1.17M), and Poland ($1.05M).

In 2022, Hungary imported $32.5M in Textile Processing Machines, mainly from Poland ($11.7M), Turkey ($4.81M), Germany ($3.91M), Slovakia ($2.69M), and China ($2.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Textile Processing Machines EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Australia$1.21M (2.41k%)
Lithuania$258k (11k%)
United Kingdom$221k (44.5k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Processing Machines BY Hungary WERE (2021 - 2022):
Germany-$4.08M (-39.6%)
Switzerland-$843k (-85%)
France-$764k (-46.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Textile Processing Machines were:
In 2022, Hungary's main importing competitors in Textile Processing Machines were:

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Trade Value of Textile Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $1.45M
TOP IMPORT POTENTIALChina+ $2.19M

Textile Processing Machines’s highest export potential is Germany. With an export gap of $1.45M.   Textile Processing Machines’s highest import potential is China with an import gap of $2.19M.

See methodology.

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