2023
Exports
$80.3MWorld Rnk 9 / 171
Flag Rnk 223 / 1203
2023
PRODUCT COMPLEXITY IN Honey
-1.23Rnk 883 / 1025
2023
Imports
$4.41MWorld Rnk 45 / 213
Flag Rnk 828 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $80.3M in Honey, making it the 9th largest exporter of Honey in the world. At the same year, Honey was the 223rd most exported product in Hungary. The main destination of Honey exports from Hungary are: Italy ($31.4M), Germany ($16.8M), Japan ($8.84M), France ($8.07M), and United States ($3.4M).

The fastest growing export markets for Honey of Hungary between 2022 and 2023 were Saudi Arabia ($1.7M), France ($1.12M), and Germany ($294k).

Imports In 2023, Hungary imported $4.41M in Honey, becoming the 45th largest importer of Honey in the world. At the same year, Honey was the 828th most imported product in Hungary. Hungary imports Honey primarily from: Ukraine ($3.27M), Germany ($365k), Russia ($234k), Poland ($140k), and Romania ($128k).

The fastest growing import markets in Honey for Hungary between 2022 and 2023 were Russia ($234k), France ($31.1k), and Denmark ($28.3k).

Latest Trends

Dec 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 Honey. 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 (2023)$80.3M
IMPORTS (2023)$4.41M
NET TRADE (2023)$75.9M

In 2023, Hungary exported $80.3M in Honey. The main destinations of Hungary exports on Honey were Italy ($31.4M), Germany ($16.8M), Japan ($8.84M), France ($8.07M), and United States ($3.4M).

In 2023, Hungary imported $4.41M in Honey, mainly from Ukraine ($3.27M), Germany ($365k), Russia ($234k), Poland ($140k), and Romania ($128k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Honey EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Saudi Arabia$1.7M (248%)
France$1.12M (16.1%)
Germany$294k (1.78%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Honey BY Hungary WERE (2022 - 2023):
Italy-$2.96M (-8.61%)
Japan-$2.64M (-23%)
Spain-$1.42M (-76.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Honey were:
In 2023, Hungary's main importing competitors in Honey were:

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Trade Value of Honey by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.59M
TOP IMPORT POTENTIALUkraine+ $284k

Honey’s highest export potential is United States. With an export gap of $2.59M.   Honey’s highest import potential is Ukraine with an import gap of $284k.

See methodology.

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