2022
Exports
$50.3MWorld Rnk 31 / 157
Flag Rnk 295 / 1206
2022
PRODUCT COMPLEXITY IN Unpackaged Medicaments
0.61Rnk 312 / 1025
2022
Imports
$207MWorld Rnk 15 / 215
Flag Rnk 144 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $50.3M in Unpackaged Medicaments, making it the 31st largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 295th most exported product in Hungary. The main destination of Unpackaged Medicaments exports from Hungary are: Spain ($17.1M), Netherlands ($7.33M), Austria ($5.84M), Bulgaria ($4.77M), and Czechia ($3.15M).

The fastest growing export markets for Unpackaged Medicaments of Hungary between 2021 and 2022 were Austria ($5.42M), Bulgaria ($3.47M), and Czechia ($1.47M).

Imports In 2022, Hungary imported $207M in Unpackaged Medicaments, becoming the 15th largest importer of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 144th most imported product in Hungary. Hungary imports Unpackaged Medicaments primarily from: Ireland ($73.3M), India ($49M), Germany ($28.3M), Australia ($11.1M), and Spain ($9.72M).

The fastest growing import markets in Unpackaged Medicaments for Hungary between 2021 and 2022 were Ireland ($58.1M), Germany ($25.2M), and Czechia ($8.94M).

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 Unpackaged Medicaments. 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)$50.3M
IMPORTS (2022)$207M
NET TRADE (2022)-$157M

In 2022, Hungary exported $50.3M in Unpackaged Medicaments. The main destinations of Hungary exports on Unpackaged Medicaments were Spain ($17.1M), Netherlands ($7.33M), Austria ($5.84M), Bulgaria ($4.77M), and Czechia ($3.15M).

In 2022, Hungary imported $207M in Unpackaged Medicaments, mainly from Ireland ($73.3M), India ($49M), Germany ($28.3M), Australia ($11.1M), and Spain ($9.72M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Unpackaged Medicaments EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Austria$5.42M (1.29k%)
Bulgaria$3.47M (267%)
Czechia$1.47M (87.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unpackaged Medicaments BY Hungary WERE (2021 - 2022):
Netherlands-$27.2M (-78.8%)
Spain-$2.9M (-14.5%)
Lithuania-$2.26M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Unpackaged Medicaments were:
In 2022, Hungary's main importing competitors in Unpackaged Medicaments were:

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Trade Value of Unpackaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAustria+ $1.33M
TOP IMPORT POTENTIALItaly+ $2.1M

Unpackaged Medicaments’s highest export potential is Austria. With an export gap of $1.33M.   Unpackaged Medicaments’s highest import potential is Italy with an import gap of $2.1M.

See methodology.

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