2023
Exports
$1.26BWorld Rnk 17 / 223
Flag Rnk 21 / 1203
2023
PRODUCT COMPLEXITY IN Valves
1.34Rnk 71 / 1025
2023
Imports
$858MWorld Rnk 34 / 226
Flag Rnk 33 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $1.26B in Valves, making it the 17th largest exporter of Valves in the world. At the same year, Valves was the 21st most exported product in Hungary. The main destination of Valves exports from Hungary are: Germany ($422M), United States ($224M), China ($60M), Czechia ($53.1M), and Turkey ($49.6M).

The fastest growing export markets for Valves of Hungary between 2022 and 2023 were Germany ($28.9M), United States ($21.8M), and Turkey ($13.7M).

Imports In 2023, Hungary imported $858M in Valves, becoming the 34th largest importer of Valves in the world. At the same year, Valves was the 33rd most imported product in Hungary. Hungary imports Valves primarily from: Germany ($270M), Italy ($72.8M), China ($66.8M), Thailand ($61.1M), and Austria ($55M).

The fastest growing import markets in Valves for Hungary between 2022 and 2023 were United States ($17.8M), Germany ($15.6M), and Austria ($9.93M).

COMPANIES In 2024, leading companies such as John Deere (6) were at the forefront of shipping Valves from Hungary to the United States.

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 Valves. 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)$1.26B
IMPORTS (2023)$858M
NET TRADE (2023)$401M

In 2023, Hungary exported $1.26B in Valves. The main destinations of Hungary exports on Valves were Germany ($422M), United States ($224M), China ($60M), Czechia ($53.1M), and Turkey ($49.6M).

In 2023, Hungary imported $858M in Valves, mainly from Germany ($270M), Italy ($72.8M), China ($66.8M), Thailand ($61.1M), and Austria ($55M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Germany$28.9M (7.35%)
United States$21.8M (10.8%)
Turkey$13.7M (38.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Hungary WERE (2022 - 2023):
Italy-$15.7M (-31.4%)
South Korea-$7.35M (-44.3%)
Russia-$5.76M (-58.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $76.3M
TOP IMPORT POTENTIALChina+ $46.4M

Valves’s highest export potential is United States. With an export gap of $76.3M.   Valves’s highest import potential is China with an import gap of $46.4M.

See methodology.

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