Crude Petroleum in Hungary

EXPORTS (2018): $101M, World Rnk 73 / 120
Flag Rnk 187 / 1175

TOP DESTINATION (2018): $92.7M, Slovakia

FASTEST GROWING MARKET (2017 - 2018): $63.9M, Slovakia

IMPORTS (2018): $2.97B, World Rnk 41 / 148
Flag Rnk 5 / 1198

TOP ORIGIN (2018): $1.97B, Russia

FASTEST GROWING ORIGIN (2017 - 2018): $436M, Russia

ECONOMIC COMPLEXITY of Hungary (2018): 1.44, Rnk 14 / 137

Overview: This page contains the latest trade data of Crude Petroleum in Hungary.

Exports: In 2018, Hungary exported $101M in Crude Petroleum, making it the 73rd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 187th most exported product in Hungary. The main destination of Crude Petroleum exports from Hungary are: Slovakia ($92.7M), Czechia ($4.73M), Ukraine ($2.39M), Poland ($806k), and Netherlands ($290k).

The fastest growing export markets for Crude Petroleum of Hungary between 2017 and 2018 were Slovakia ($63.9M), Ukraine ($2.3M), and Netherlands ($223k).

Imports: In 2018, Hungary imported $2.97B in Crude Petroleum, becoming the 41st largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 5th most imported product in Hungary. Hungary imports Crude Petroleum primarily from: Russia ($1.97B), Kazakhstan ($464M), Iraq ($330M), Iran ($130M), and Libya ($73.8M).

The fastest growing import markets in Crude Petroleum for Hungary between 2017 and 2018 were Russia ($436M), Kazakhstan ($236M), and Iraq ($136M).

Value

EXPORTS (2018): $101M

IMPORTS (2018): $2.97B

NET TRADE (2018): -$2.87B

In 2018, Hungary exported $101M in Crude Petroleum. The main destinations of Hungary exports on Crude Petroleum were Slovakia ($92.7M), Czechia ($4.73M), Ukraine ($2.39M), Poland ($806k), and Netherlands ($290k).

In 2018, Hungary imported $2.97B in Crude Petroleum, mainly from Russia ($1.97B), Kazakhstan ($464M), Iraq ($330M), Iran ($130M), and Libya ($73.8M).

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IN 2018, Hungary HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

  • Slovakia, $92.7M ($92.7M - $0)
  • Czechia, $4.73M ($4.73M - $0)
  • Ukraine, $2.39M ($2.39M - $0)

IN 2018, Hungary HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:

  • Russia, -$1.97B ($0 - $1.97B)
  • Kazakhstan, -$464M ($0 - $464M)
  • Iraq, -$330M ($0 - $330M)
Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Hungary WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Hungary WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Hungary's main exporting competitors in Crude Petroleum were:

In 2018, Hungary's main importing competitors in Crude Petroleum were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Crude Petroleum in Hungary. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2002, the tariffs for Crude Petroleum in the imports of Hungary were of 0% around the world.

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