2022
Exports
$112MWorld Rnk 71 / 149
Flag Rnk 190 / 1206
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$3.04BWorld Rnk 43 / 158
Flag Rnk 7 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $112M in Crude Petroleum, making it the 71st largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 190th most exported product in Hungary. The main destination of Crude Petroleum exports from Hungary are: Slovakia ($112M), Serbia ($86.2k), Netherlands ($11.7k), United Kingdom ($32), and United States ($2).

The fastest growing export markets for Crude Petroleum of Hungary between 2021 and 2022 were Serbia ($37.3k), Netherlands ($6.36k), and United Kingdom ($32).

Imports In 2022, Hungary imported $3.04B in Crude Petroleum, becoming the 43rd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 7th most imported product in Hungary. Hungary imports Crude Petroleum primarily from: Russia ($2.39B), Croatia ($381M), Kazakhstan ($196M), Saudi Arabia ($53.1M), and Turkmenistan ($19.6M).

The fastest growing import markets in Crude Petroleum for Hungary between 2021 and 2022 were Russia ($754M), Saudi Arabia ($53.1M), and Turkmenistan ($19.6M).

Latest Trends

Sep 2024

Subnational Monthly Trade

View
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 Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$112M
IMPORTS (2022)$3.04B
NET TRADE (2022)-$2.93B

In 2022, Hungary exported $112M in Crude Petroleum. The main destinations of Hungary exports on Crude Petroleum were Slovakia ($112M), Serbia ($86.2k), Netherlands ($11.7k), United Kingdom ($32), and United States ($2).

In 2022, Hungary imported $3.04B in Crude Petroleum, mainly from Russia ($2.39B), Croatia ($381M), Kazakhstan ($196M), Saudi Arabia ($53.1M), and Turkmenistan ($19.6M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Serbia$37.3k (76.2%)
Netherlands$6.36k (118%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Hungary WERE (2021 - 2022):
Croatia-$40.9M (-100%)
Slovakia-$10.8M (-8.77%)
Bosnia and Herzegovina-$13.2k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Hungary's main exporting competitors in Crude Petroleum were:
In 2022, Hungary's main importing competitors in Crude Petroleum were:

Explore Visualizations

Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSerbia+ $485k
N/AN/AN/A

Crude Petroleum’s highest export potential is Serbia. With an export gap of $485k.   Crude Petroleum’s highest import potential is N/A with an import gap of N/A.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with