Hungary export

Hungary Export Data

Hungary has a total land area of about 93,030 km^2, and it is located in Central Europe. Being a landlocked nation, it is encircled by several nations, including Austria, Croatia, Romania, Slovakia, and Ukraine. Globally, Hungary is the leader in goods exports. It is among the top nations that attract foreign direct investment. In terms of land area, Hungary is the seventeenth largest nation in Europe. Hungary is at 110th position in the world by area. Hungary's goods exports reached a value of $161.60 billion in 2022, based on export data. Hungary's goods exports rose 5.96% in comparison to 2021. In 2022, exports of goods increased by $8.42 billion. Understanding a country's trade activities is crucial for businesses, policymakers, and researchers alike. Hungary, a landlocked country in Central Europe, is an export-oriented economy with a diverse range of industries. Let us gain an insightful overview of Hungary's export data, focusing on the latest trends and developments in 2022.

 Hungary Export Data | Hungary Trade Data

39

The country has been ranked 39th in global exports, showing a significant position in the international trade and export landscape.

0.58%

With a mere 0.58% share in global export trade, it becomes evident that its presence in the international export market is fairly on the rise.

GERMANY

Germany holds a significant role as the largest export partner of the country in terms of goods exports and export share.

MOTOR CARS AND OTHER MOTOR VEHICLES

Motor cars and other motor vehicles are the major and biggest export commodities of the country, playing a vital role in its economy.

export

Top 10 Exports of Hungary

Hungary, a dynamic country in the heart of Europe, boasts a thriving export sector that plays a pivotal role in its economy. Delving into the top 10 exports of Hungary, we find that the automotive industry takes the top spot, with vehicles and vehicle parts contributing significantly to the nation's export revenue. Hungary’s top 10 exports in 2022 as per its export data are:

  • Motor cars and other motor vehicles: 8.13% ($12.1 billion)
  • Parts and accessories of the motor vehicles: 5.19% ($7.77 billion)
  • Electric accumulators, including separators: 4.96% ($7.42 billion)
  • Automatic data processing machines: 3.24% ($4.85 billion)
  • Medicaments: 2.67% ($3.99 billion)
  • Electrical apparatus: 2.61% ($3.91 billion)
  • Electrical energy: 2.25% ($3.37 billion)
  • Monitors and projectors: 2.1% ($3.15 billion)
  • Spark-ignition reciprocating or rotary internal combustion piston engines: 1.99% ($2.98 billion)
  • Iron and steel: 1.46% (2.18 billion US$)
  • Partners

    Top 10 Export Partners of Hungary

    Switching gears to Hungary's top 10 export partners, Germany emerges as the dominant player, accounting for a substantial share of Hungary's exports. These export partners serve as vital channels for Hungary's products, facilitating trade and fostering economic growth. The top 10 export partners of Hungary in 2022 include:

    Value In Percentage(%)

  • Germany: 25% (37 billion US$)
  • Italy: 5.67% (8.48 billion US$)
  • Romania: 5.33% (7.98 billion US$)
  • Slovak Republic: 5.09% (7.62 billion US$)
  • Austria: 4.5% (6.73 billion US$)
  • Poland: 4.29% (6.42 billion US$)
  • France: 4.22% (6.32 billion US$)
  • Czech Republic: 4.15% (6.2 billion US$)
  • Netherlands: 3.6% (5.39 billion US$)
  • USA: 3.51% (5.25 billion US$)
  • Sample Data

    The Significance of Hungary's Export Data

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    So, as you can see in this statistical report, we also include the number of goods needed to be imported/exported, HS codes, the description of each HS code, and the quantity and price of each product from the country's shipment data. In this comprehensive statistical database, we ensure that every detail is meticulously recorded, which makes this trade data efficient for businesses worldwide. Hungary has consistently maintained a strong export sector, which plays a pivotal role in driving economic growth and creating employment opportunities. The country has a diverse export portfolio that includes machinery, vehicles, electronics, pharmaceuticals, chemical products, and agricultural goods. Hungary has emerged as a significant player in the global export market. Leveraging its strategic geographic location and skilled workforce, the country has witnessed a steady rise in export activities in recent years. To unlock the full potential of the Hungarian export market, it is crucial to analyze and interpret the export data. According to Hungary's customs data on export of goods, Hungary's goods exports reached a value of $149 billion in 2022. You can find a range of fields in Hungary's export and trade data, including the total value of the various fields that are included in Hungary's export data and trade data, including HS codes, descriptions of HS codes, and product descriptions that include the quantity, units, and price of each product being shipped. For dealers and marketers, this statistical export data is crucial as it helps them make informed judgments.

    Benefits

    Benefits of Hungary’s Export Data

  • Create opportunities from the export market in Hungary.
  • Determine the demand for the product in Hungary.
  • Track the shipments of your rivals.
  • Create a potent, data-driven marketing plan.
  • Contact real Hungarian suppliers.
  • Find high-return possibilities.
  • Frequently Asked Questions!!

    According to Hungary's export data, Hungary's goods exports had a total value of $149 billion in 2022.

    Hungary's main export products include machinery and equipment, vehicles, pharmaceuticals, electronics, and agricultural products such as wheat, corn, and poultry.

    Germany, Austria, and Romania are the top trading partners of Hungary, accounting for a significant portion of its exports.

    Hungary's export data has been steadily increasing in the past few years, with a growth of 5.3% in 2020 and an expected growth of 9.2% in 2021.

    The growth in Hungary's exports can be attributed to its strong manufacturing sector, favorable trade agreements, and increasing competitiveness in the global market.

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