2023
Exports
$83.2MWorld Rnk 23 / 192
Flag Rnk 219 / 1203
2023
PRODUCT COMPLEXITY IN Therapeutic Appliances
0.45Rnk 385 / 1025
2023
Imports
$69.2MWorld Rnk 38 / 220
Flag Rnk 284 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $83.2M in Therapeutic Appliances, making it the 23rd largest exporter of Therapeutic Appliances in the world. At the same year, Therapeutic Appliances was the 219th most exported product in Hungary. The main destination of Therapeutic Appliances exports from Hungary are: United States ($18.9M), Russia ($18.2M), Germany ($7.77M), Czechia ($5.06M), and United Kingdom ($4.71M).

The fastest growing export markets for Therapeutic Appliances of Hungary between 2022 and 2023 were Russia ($17.7M), Czechia ($4.03M), and Belgium ($1.36M).

Imports In 2023, Hungary imported $69.2M in Therapeutic Appliances, becoming the 38th largest importer of Therapeutic Appliances in the world. At the same year, Therapeutic Appliances was the 284th most imported product in Hungary. Hungary imports Therapeutic Appliances primarily from: China ($30.6M), Germany ($18.3M), Romania ($2.07M), Belgium ($2.01M), and United Kingdom ($1.96M).

The fastest growing import markets in Therapeutic Appliances for Hungary between 2022 and 2023 were Germany ($11.3M), China ($1.93M), and Belgium ($1.33M).

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 Therapeutic Appliances. 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)$83.2M
IMPORTS (2023)$69.2M
NET TRADE (2023)$14M

In 2023, Hungary exported $83.2M in Therapeutic Appliances. The main destinations of Hungary exports on Therapeutic Appliances were United States ($18.9M), Russia ($18.2M), Germany ($7.77M), Czechia ($5.06M), and United Kingdom ($4.71M).

In 2023, Hungary imported $69.2M in Therapeutic Appliances, mainly from China ($30.6M), Germany ($18.3M), Romania ($2.07M), Belgium ($2.01M), and United Kingdom ($1.96M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Therapeutic Appliances EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Russia$17.7M (3.49k%)
Czechia$4.03M (392%)
Belgium$1.36M (49.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Therapeutic Appliances BY Hungary WERE (2022 - 2023):
United States-$26.3M (-58.2%)
Ukraine-$7.79M (-98.6%)
Germany-$3.98M (-33.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Therapeutic Appliances were:
In 2023, Hungary's main importing competitors in Therapeutic Appliances were:

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Trade Value of Therapeutic Appliances by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $10.1M
TOP IMPORT POTENTIALChina+ $5.33M

Therapeutic Appliances’s highest export potential is United States. With an export gap of $10.1M.   Therapeutic Appliances’s highest import potential is China with an import gap of $5.33M.

See methodology.

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