2023
Exports
$1.21BWorld Rnk 7 / 207
Flag Rnk 22 / 1203
2023
PRODUCT COMPLEXITY IN Thermostats
1.17Rnk 113 / 1025
2023
Imports
$388MWorld Rnk 26 / 223
Flag Rnk 77 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $1.21B in Thermostats, making it the 7th largest exporter of Thermostats in the world. At the same year, Thermostats was the 22nd most exported product in Hungary. The main destination of Thermostats exports from Hungary are: Germany ($605M), China ($113M), Poland ($103M), United States ($44.4M), and Turkey ($40.9M).

The fastest growing export markets for Thermostats of Hungary between 2022 and 2023 were Germany ($109M), Poland ($33.1M), and Turkey ($18.6M).

Imports In 2023, Hungary imported $388M in Thermostats, becoming the 26th largest importer of Thermostats in the world. At the same year, Thermostats was the 77th most imported product in Hungary. Hungary imports Thermostats primarily from: Germany ($101M), China ($76.8M), Romania ($45.9M), Czechia ($38.4M), and France ($16.2M).

The fastest growing import markets in Thermostats for Hungary between 2022 and 2023 were China ($11.6M), Romania ($6.12M), and France ($4.93M).

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 Thermostats. 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)$1.21B
IMPORTS (2023)$388M
NET TRADE (2023)$821M

In 2023, Hungary exported $1.21B in Thermostats. The main destinations of Hungary exports on Thermostats were Germany ($605M), China ($113M), Poland ($103M), United States ($44.4M), and Turkey ($40.9M).

In 2023, Hungary imported $388M in Thermostats, mainly from Germany ($101M), China ($76.8M), Romania ($45.9M), Czechia ($38.4M), and France ($16.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Germany$109M (22%)
Poland$33.1M (47.7%)
Turkey$18.6M (83.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY Hungary WERE (2022 - 2023):
Japan-$34M (-97.7%)
United States-$14.6M (-24.8%)
France-$8.98M (-40.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Thermostats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $35.5M
TOP IMPORT POTENTIALJapan+ $8.74M

Thermostats’s highest export potential is United States. With an export gap of $35.5M.   Thermostats’s highest import potential is Japan with an import gap of $8.74M.

See methodology.

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