2018
Exports
$7.07MWorld Rnk 42 / 174
Flag Rnk 609 / 1206
2022
PRODUCT COMPLEXITY IN Woodworking machines
1.28Rnk 96 / 1025
2018
Imports
$85.1MWorld Rnk 28 / 218
Flag Rnk 279 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2018, Hungary exported $7.07M in Woodworking machines, making it the 42nd largest exporter of Woodworking machines in the world. At the same year, Woodworking machines was the 609th most exported product in Hungary. The main destination of Woodworking machines exports from Hungary are: Romania ($631k), Germany ($583k), Netherlands ($542k), Turkey ($504k), and Austria ($466k).

The fastest growing export markets for Woodworking machines of Hungary between 2021 and 2022 were Turkey ($504k), Netherlands ($454k), and Brazil ($433k).

Imports In 2022, Hungary imported $85.1M in Woodworking machines, becoming the 28th largest importer of Woodworking machines in the world. At the same year, Woodworking machines was the 279th most imported product in Hungary. Hungary imports Woodworking machines primarily from: Germany ($27.7M), Italy ($17.5M), Austria ($14.7M), Poland ($4.54M), and Slovakia ($4.27M).

The fastest growing import markets in Woodworking machines for Hungary between 2021 and 2022 were Austria ($3.26M), Poland ($2.29M), and Slovakia ($1.92M).

Latest Trends

Nov 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 Woodworking machines. 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)$7.07M
IMPORTS (2022)$85.1M
NET TRADE (2022)-$78M

In 2022, Hungary exported $7.07M in Woodworking machines. The main destinations of Hungary exports on Woodworking machines were Romania ($631k), Germany ($583k), Netherlands ($542k), Turkey ($504k), and Austria ($466k).

In 2022, Hungary imported $85.1M in Woodworking machines, mainly from Germany ($27.7M), Italy ($17.5M), Austria ($14.7M), Poland ($4.54M), and Slovakia ($4.27M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Woodworking machines EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Turkey$504k (1%)
Netherlands$454k (514%)
Brazil$433k (31.4k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Woodworking machines BY Hungary WERE (2021 - 2022):
Poland-$1.33M (-90.8%)
Czechia-$677k (-75.4%)
Germany-$510k (-46.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Woodworking machines were:
China $2.66B
Germany $1.99B
Italy $1.23B
In 2022, Hungary's main importing competitors in Woodworking machines were:

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Trade Value of Woodworking machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $678k
TOP IMPORT POTENTIALChina+ $2.79M

Woodworking machines’s highest export potential is Germany. With an export gap of $678k.   Woodworking machines’s highest import potential is China with an import gap of $2.79M.

See methodology.

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