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Where does Hungary get its steel? Import sources 2024

In 2024, Hungary imported $2.6 billion of steel (2.7 million tonnes), 0.8% of the world total. Its main sources were Germany (19%), Slovakia (16%) and Italy (14%). Hungary was the world’s 34th-largest importer of steel.

Summary

Value
$2.6billion
Tonnes
2.7million tonnes
Share of world total
0.8%
World rank
34th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
Germany505Tonnes: 406,384USD per tonne: $1,24219.2%Sea
Slovakia415Tonnes: 439,082USD per tonne: $94515.8%Land
Italy374Tonnes: 451,491USD per tonne: $82914.2%Sea
Austria314Tonnes: 317,919USD per tonne: $98811.9%Land
Poland196Tonnes: 215,892USD per tonne: $9087.4%Sea
Czechia152Tonnes: 162,251USD per tonne: $9355.8%Sea
Belgium re-exports95.9Tonnes: 95,496USD per tonne: $1,0043.6%Sea
Romania81.5Tonnes: 81,788USD per tonne: $9973.1%Land
Serbia62.2Tonnes: 70,268USD per tonne: $8852.4%Land
France61.2Tonnes: 38,235USD per tonne: $1,6002.3%Sea
Netherlands re-exports58.4Tonnes: 77,988USD per tonne: $7492.2%Sea
Russia44.7Tonnes: 81,255USD per tonne: $5501.7%Sea
Luxembourg32.4Tonnes: 29,979USD per tonne: $1,0821.2%Sea
Sweden27.3Tonnes: 19,104USD per tonne: $1,4291%Sea
Slovenia26Tonnes: 16,593USD per tonne: $1,5670.99%Land
South Korea24.9Tonnes: 24,064USD per tonne: $1,0330.94%Sea
China24.1Tonnes: 15,222USD per tonne: $1,5860.92%Sea
Ukraine18Tonnes: 29,250USD per tonne: $6160.68%Land
Bulgaria17.7Tonnes: 23,541USD per tonne: $7510.67%Sea
Turkey16Tonnes: 13,183USD per tonne: $1,2160.61%Sea

Trend

Who it buys from

Germany has been its main source since 2022

Value in USD millions. The five largest sources in 2024.

  • Germany 505
  • Slovakia 415
  • Italy 374
  • Austria 314
  • Poland 196

Source: CEPII BACI

Show the numbers
Partner19952024
Germany74.8505
Slovakia70.7415
Italy48.8374
Austria40.9314
Poland18.7196

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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