2022
Exports
$1.91MWorld Rnk 36 / 184
Flag Rnk 821 / 1206
2022
PRODUCT COMPLEXITY IN Tool Sets
0.9Rnk 208 / 1025
2022
Imports
$10.6MWorld Rnk 39 / 218
Flag Rnk 682 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $1.91M in Tool Sets, making it the 36th largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 821st most exported product in Hungary. The main destination of Tool Sets exports from Hungary are: Romania ($660k), Belgium ($186k), United Kingdom ($118k), Slovakia ($108k), and Czechia ($102k).

The fastest growing export markets for Tool Sets of Hungary between 2021 and 2022 were Belgium ($157k), United Kingdom ($98.2k), and Switzerland ($89k).

Imports In 2022, Hungary imported $10.6M in Tool Sets, becoming the 39th largest importer of Tool Sets in the world. At the same year, Tool Sets was the 682nd most imported product in Hungary. Hungary imports Tool Sets primarily from: Poland ($2.68M), China ($2.12M), Germany ($2.01M), Austria ($803k), and France ($772k).

The fastest growing import markets in Tool Sets for Hungary between 2021 and 2022 were Austria ($214k), Netherlands ($200k), and Italy ($121k).

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 Tool Sets. 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)$1.91M
IMPORTS (2022)$10.6M
NET TRADE (2022)-$8.67M

In 2022, Hungary exported $1.91M in Tool Sets. The main destinations of Hungary exports on Tool Sets were Romania ($660k), Belgium ($186k), United Kingdom ($118k), Slovakia ($108k), and Czechia ($102k).

In 2022, Hungary imported $10.6M in Tool Sets, mainly from Poland ($2.68M), China ($2.12M), Germany ($2.01M), Austria ($803k), and France ($772k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Belgium$157k (545%)
United Kingdom$98.2k (494%)
Switzerland$89k (3.24k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY Hungary WERE (2021 - 2022):
Slovakia-$935k (-89.6%)
Finland-$141k (-89.9%)
United States-$115k (-98%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Tool Sets were:
In 2022, Hungary's main importing competitors in Tool Sets were:

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Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $90.3k
TOP IMPORT POTENTIALChina+ $828k

Tool Sets’s highest export potential is Germany. With an export gap of $90.3k.   Tool Sets’s highest import potential is China with an import gap of $828k.

See methodology.

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