2023
Exports
$41.6MWorld Rnk 33 / 123
Flag Rnk 309 / 1203
2023
PRODUCT COMPLEXITY IN Bovine Meat
-0.65Rnk 748 / 1025
2023
Imports
$43.6MWorld Rnk 48 / 203
Flag Rnk 387 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $41.6M in Bovine Meat, making it the 33rd largest exporter of Bovine Meat in the world. At the same year, Bovine Meat was the 309th most exported product in Hungary. The main destination of Bovine Meat exports from Hungary are: Netherlands ($23.4M), Austria ($6.46M), Italy ($4.39M), Romania ($2.67M), and Slovakia ($1.49M).

The fastest growing export markets for Bovine Meat of Hungary between 2022 and 2023 were Netherlands ($2.59M), Austria ($1.78M), and Romania ($854k).

Imports In 2023, Hungary imported $43.6M in Bovine Meat, becoming the 48th largest importer of Bovine Meat in the world. At the same year, Bovine Meat was the 387th most imported product in Hungary. Hungary imports Bovine Meat primarily from: Netherlands ($13.3M), Austria ($8.67M), Poland ($7.33M), Croatia ($4.78M), and Spain ($2.73M).

The fastest growing import markets in Bovine Meat for Hungary between 2022 and 2023 were Netherlands ($2.61M), Spain ($2.57M), and Germany ($1.39M).

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 Bovine Meat. 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)$41.6M
IMPORTS (2023)$43.6M
NET TRADE (2023)-$2.07M

In 2023, Hungary exported $41.6M in Bovine Meat. The main destinations of Hungary exports on Bovine Meat were Netherlands ($23.4M), Austria ($6.46M), Italy ($4.39M), Romania ($2.67M), and Slovakia ($1.49M).

In 2023, Hungary imported $43.6M in Bovine Meat, mainly from Netherlands ($13.3M), Austria ($8.67M), Poland ($7.33M), Croatia ($4.78M), and Spain ($2.73M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bovine Meat EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Netherlands$2.59M (12.5%)
Austria$1.78M (38%)
Romania$854k (47%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bovine Meat BY Hungary WERE (2022 - 2023):
Denmark-$5.11M (-96.9%)
Germany-$2.23M (-80.9%)
Poland-$1.26M (-61.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Bovine Meat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $3.21M
TOP IMPORT POTENTIALAustria+ $2.03M

Bovine Meat’s highest export potential is Italy. With an export gap of $3.21M.   Bovine Meat’s highest import potential is Austria with an import gap of $2.03M.

See methodology.

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