2022
Exports
$1.54BWorld Rnk 18 / 195
Flag Rnk 16 / 96
2022
PRODUCT COMPLEXITY IN Food residues & wastes; animal fodder
-0.09Rnk 577 / 1025
2022
Imports
$794MWorld Rnk 38 / 225
Flag Rnk 27 / 96
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $1.54B in Food residues & wastes; animal fodder, making it the 18th largest exporter of Food residues & wastes; animal fodder in the world. At the same year, Food residues & wastes; animal fodder was the 16th most exported product in Hungary. The main destination of Food residues & wastes; animal fodder exports from Hungary are: Romania ($243M), Germany ($227M), Italy ($160M), Austria ($120M), and Poland ($112M).

The fastest growing export markets for Food residues & wastes; animal fodder of Hungary between 2021 and 2022 were Germany ($60.1M), Austria ($39.4M), and Italy ($37.5M).

Imports In 2022, Hungary imported $794M in Food residues & wastes; animal fodder, becoming the 38th largest importer of Food residues & wastes; animal fodder in the world. At the same year, Food residues & wastes; animal fodder was the 27th most imported product in Hungary. Hungary imports Food residues & wastes; animal fodder primarily from: Germany ($184M), Austria ($109M), Poland ($71.9M), Ukraine ($61.3M), and Slovakia ($55.2M).

The fastest growing import markets in Food residues & wastes; animal fodder for Hungary between 2021 and 2022 were Ukraine ($43.7M), Austria ($28.9M), and Germany ($21.6M).

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 Food residues & wastes; animal fodder. 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)$1.54B
IMPORTS (2022)$794M
NET TRADE (2022)$747M

In 2022, Hungary exported $1.54B in Food residues & wastes; animal fodder. The main destinations of Hungary exports on Food residues & wastes; animal fodder were Romania ($243M), Germany ($227M), Italy ($160M), Austria ($120M), and Poland ($112M).

In 2022, Hungary imported $794M in Food residues & wastes; animal fodder, mainly from Germany ($184M), Austria ($109M), Poland ($71.9M), Ukraine ($61.3M), and Slovakia ($55.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Food residues & wastes; animal fodder EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Germany$60.1M (35.9%)
Austria$39.4M (49%)
Italy$37.5M (30.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Food residues & wastes; animal fodder BY Hungary WERE (2021 - 2022):
Latvia-$8.59M (-66.8%)
Russia-$8.54M (-34.6%)
Norway-$8.02M (-28.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Food residues & wastes; animal fodder were:
In 2022, Hungary's main importing competitors in Food residues & wastes; animal fodder were:

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Trade Value of Food residues & wastes; animal fodder by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited Kingdom+ $22.3M
TOP IMPORT POTENTIALNetherlands+ $12.3M

Food residues & wastes; animal fodder’s highest export potential is United Kingdom. With an export gap of $22.3M.   Food residues & wastes; animal fodder’s highest import potential is Netherlands with an import gap of $12.3M.

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