The value of Hungarian machinery exports increased by 14 percent

By: Trademagazin Date: 2025. 11. 06. 09:01

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The export position of Hungarian machinery and mechanical equipment is strengthening. In 2024, sales in this segment reached 24 billion euros (+14% year-on-year). This meant that the Hungarian economy ranked 12th in Europe and 25th in the world. Experts from the international financial institution Akcenta identified five key categories that drive exports. These include, among others, data processing machines, internal combustion engines, gas turbines and liquid pumps. The trade in data processing machines is developing most dynamically, where exports increased by 43% year-on-year. The Dutch market is particularly noteworthy: demand from there increased by 740%.

According to data from the International Trade Center, in 2024, Hungarian exports of machinery and mechanical equipment amounted to 24 billion euros, which represents an annual increase of 14%. This result secured Hungary 25th place among global exporters and 12th in Europe. The largest trading partner remains Germany, which purchased machinery worth 6.73 billion euros in 2024 (+8% year-on-year). The Netherlands came in second with imports of 1.81 billion euros (+40%), followed by Spain with 1.42 billion euros (+4%). France recorded a 20% increase and purchased machinery worth 1.24 billion euros, while Slovakia closed the top five with purchases of 1.14 billion euros (+7%). Akcenta experts also revealed which sectors are driving the most machinery exports.

“The export results of Hungarian machinery and mechanical equipment are truly outstanding. More and more foreign partners are increasing their purchases from Hungarian manufacturers, which drives economic growth and improves the foreign trade balance of the industrial sector. Trade is primarily concentrated on European markets, but demand is also growing from Mexico, the United States and the United Kingdom. This is an opportunity for exporters, but also an obligation in terms of risk management. In large-volume international transactions, it is worth paying attention to exchange rate risks and using hedging instruments available on the market. Partners such as Akcenta can help in introducing these and protecting liquidity and margins,”

said Kusala Eduard, director of Akcenta’s Hungarian office.