2022
Exports
$3.06MWorld Rnk 61 / 148
Flag Rnk 746 / 1206
2022
PRODUCT COMPLEXITY IN Butter
0.015Rnk 543 / 1025
2022
Imports
$42.6MWorld Rnk 45 / 220
Flag Rnk 407 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $3.06M in Butter, making it the 61st largest exporter of Butter in the world. At the same year, Butter was the 746th most exported product in Hungary. The main destination of Butter exports from Hungary are: Romania ($1.4M), Slovakia ($686k), Italy ($415k), Serbia ($208k), and Netherlands ($70.2k).

The fastest growing export markets for Butter of Hungary between 2021 and 2022 were Romania ($437k), Slovakia ($280k), and Italy ($191k).

Imports In 2022, Hungary imported $42.6M in Butter, becoming the 45th largest importer of Butter in the world. At the same year, Butter was the 407th most imported product in Hungary. Hungary imports Butter primarily from: Germany ($14.5M), Poland ($8.71M), Netherlands ($5.01M), France ($3.25M), and Slovakia ($2.86M).

The fastest growing import markets in Butter for Hungary between 2021 and 2022 were Germany ($3.61M), Poland ($3.46M), and Czechia ($1M).

Latest Trends

Oct 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 Butter. 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)$3.06M
IMPORTS (2022)$42.6M
NET TRADE (2022)-$39.6M

In 2022, Hungary exported $3.06M in Butter. The main destinations of Hungary exports on Butter were Romania ($1.4M), Slovakia ($686k), Italy ($415k), Serbia ($208k), and Netherlands ($70.2k).

In 2022, Hungary imported $42.6M in Butter, mainly from Germany ($14.5M), Poland ($8.71M), Netherlands ($5.01M), France ($3.25M), and Slovakia ($2.86M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Butter EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Romania$437k (45.6%)
Slovakia$280k (69.1%)
Italy$191k (85.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Butter BY Hungary WERE (2021 - 2022):
Israel-$421k (-100%)
Saudi Arabia-$379k (-100%)
Czechia-$40.3k (-59%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Butter were:
In 2022, Hungary's main importing competitors in Butter were:

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Trade Value of Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $514k
TOP IMPORT POTENTIALNetherlands+ $1.74M

Butter’s highest export potential is Italy. With an export gap of $514k.   Butter’s highest import potential is Netherlands with an import gap of $1.74M.

See methodology.

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