2023
Exports
$272MWorld Rnk 23 / 168
Flag Rnk 96 / 1203
2023
PRODUCT COMPLEXITY IN Tractors
0.83Rnk 239 / 1025
2023
Imports
$585MWorld Rnk 25 / 214
Flag Rnk 46 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $272M in Tractors, making it the 23rd largest exporter of Tractors in the world. At the same year, Tractors was the 96th most exported product in Hungary. The main destination of Tractors exports from Hungary are: Romania ($129M), Turkey ($45.2M), Ukraine ($18.6M), Croatia ($12.2M), and Serbia ($10.5M).

The fastest growing export markets for Tractors of Hungary between 2022 and 2023 were Romania ($25.4M), Ukraine ($9.86M), and Serbia ($6.27M).

Imports In 2023, Hungary imported $585M in Tractors, becoming the 25th largest importer of Tractors in the world. At the same year, Tractors was the 46th most imported product in Hungary. Hungary imports Tractors primarily from: Netherlands ($200M), Germany ($128M), Austria ($50.3M), Italy ($32.3M), and Turkey ($29.5M).

The fastest growing import markets in Tractors for Hungary between 2022 and 2023 were Netherlands ($62.7M), Austria ($11M), and France ($8.35M).

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 Tractors. 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)$272M
IMPORTS (2023)$585M
NET TRADE (2023)-$313M

In 2023, Hungary exported $272M in Tractors. The main destinations of Hungary exports on Tractors were Romania ($129M), Turkey ($45.2M), Ukraine ($18.6M), Croatia ($12.2M), and Serbia ($10.5M).

In 2023, Hungary imported $585M in Tractors, mainly from Netherlands ($200M), Germany ($128M), Austria ($50.3M), Italy ($32.3M), and Turkey ($29.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tractors EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Romania$25.4M (24.5%)
Ukraine$9.86M (113%)
Serbia$6.27M (148%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tractors BY Hungary WERE (2022 - 2023):
Slovakia-$7.99M (-59.1%)
Bulgaria-$3.82M (-52.1%)
Jordan-$1.04M (-39.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Tractors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $9.6M
TOP IMPORT POTENTIALAustria+ $20.7M

Tractors’s highest export potential is Poland. With an export gap of $9.6M.   Tractors’s highest import potential is Austria with an import gap of $20.7M.

See methodology.

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