2022
Exports
$244MWorld Rnk 58 / 175
Flag Rnk 50 / 96
2022
PRODUCT COMPLEXITY IN Fertilizers
-0.82Rnk 785 / 1025
2022
Imports
$813MWorld Rnk 35 / 223
Flag Rnk 26 / 96
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $244M in Fertilizers, making it the 58th largest exporter of Fertilizers in the world. At the same year, Fertilizers was the 50th most exported product in Hungary. The main destination of Fertilizers exports from Hungary are: Romania ($51.1M), Serbia ($36.9M), Croatia ($31.3M), Slovakia ($27.2M), and Austria ($22.8M).

The fastest growing export markets for Fertilizers of Hungary between 2021 and 2022 were Serbia ($23.6M), Croatia ($22.4M), and Austria ($11M).

Imports In 2022, Hungary imported $813M in Fertilizers, becoming the 35th largest importer of Fertilizers in the world. At the same year, Fertilizers was the 26th most imported product in Hungary. Hungary imports Fertilizers primarily from: Slovakia ($159M), Austria ($106M), Romania ($94.1M), Serbia ($72.5M), and Poland ($70.4M).

The fastest growing import markets in Fertilizers for Hungary between 2021 and 2022 were Austria ($63.6M), Slovakia ($56.2M), and Romania ($40.7M).

Latest Trends

Jul 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 Fertilizers. 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)$244M
IMPORTS (2022)$813M
NET TRADE (2022)-$569M

In 2022, Hungary exported $244M in Fertilizers. The main destinations of Hungary exports on Fertilizers were Romania ($51.1M), Serbia ($36.9M), Croatia ($31.3M), Slovakia ($27.2M), and Austria ($22.8M).

In 2022, Hungary imported $813M in Fertilizers, mainly from Slovakia ($159M), Austria ($106M), Romania ($94.1M), Serbia ($72.5M), and Poland ($70.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fertilizers EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Serbia$23.6M (176%)
Croatia$22.4M (249%)
Austria$11M (92.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fertilizers BY Hungary WERE (2021 - 2022):
Slovakia-$6.92M (-20.3%)
Poland-$4.16M (-41.1%)
Czechia-$3.41M (-32%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Fertilizers were:
Russia $18.7B
Canada $14.5B
China $12.7B
In 2022, Hungary's main importing competitors in Fertilizers were:

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Trade Value of Fertilizers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $8.18M
TOP IMPORT POTENTIALRussia+ $24M

Fertilizers’s highest export potential is Germany. With an export gap of $8.18M.   Fertilizers’s highest import potential is Russia with an import gap of $24M.

See methodology.

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