2023
Exports
$362MWorld Rnk 31 / 209
Flag Rnk 82 / 1203
2023
PRODUCT COMPLEXITY IN Industrial Fatty Acids, Oils and Alcohols
-0.68Rnk 757 / 1025
2023
Imports
$3.97BWorld Rnk 7 / 225
Flag Rnk 5 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $362M in Industrial Fatty Acids, Oils and Alcohols, making it the 31st largest exporter of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 82nd most exported product in Hungary. The main destination of Industrial Fatty Acids, Oils and Alcohols exports from Hungary are: Slovakia ($122M), Germany ($61.7M), Italy ($28.1M), United Kingdom ($19.3M), and Romania ($18.5M).

The fastest growing export markets for Industrial Fatty Acids, Oils and Alcohols of Hungary between 2022 and 2023 were Germany ($27.2M), Italy ($23.1M), and United States ($6.38M).

Imports In 2023, Hungary imported $3.97B in Industrial Fatty Acids, Oils and Alcohols, becoming the 7th largest importer of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 5th most imported product in Hungary. Hungary imports Industrial Fatty Acids, Oils and Alcohols primarily from: South Korea ($3.32B), Germany ($116M), Bulgaria ($108M), China ($107M), and United States ($75.8M).

The fastest growing import markets in Industrial Fatty Acids, Oils and Alcohols for Hungary between 2022 and 2023 were South Korea ($1.52B), United States ($20.1M), and Poland ($19.6M).

Latest Trends

Jan 2025

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 Industrial Fatty Acids, Oils and Alcohols. 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)$362M
IMPORTS (2023)$3.97B
NET TRADE (2023)-$3.61B

In 2023, Hungary exported $362M in Industrial Fatty Acids, Oils and Alcohols. The main destinations of Hungary exports on Industrial Fatty Acids, Oils and Alcohols were Slovakia ($122M), Germany ($61.7M), Italy ($28.1M), United Kingdom ($19.3M), and Romania ($18.5M).

In 2023, Hungary imported $3.97B in Industrial Fatty Acids, Oils and Alcohols, mainly from South Korea ($3.32B), Germany ($116M), Bulgaria ($108M), China ($107M), and United States ($75.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Industrial Fatty Acids, Oils and Alcohols EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Germany$27.2M (79%)
Italy$23.1M (463%)
United States$6.38M (145%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Fatty Acids, Oils and Alcohols BY Hungary WERE (2022 - 2023):
Slovakia-$66.8M (-35.3%)
Czechia-$19.5M (-73.6%)
South Korea-$13.1M (-97.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Industrial Fatty Acids, Oils and Alcohols were:
In 2023, Hungary's main importing competitors in Industrial Fatty Acids, Oils and Alcohols were:

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Trade Value of Industrial Fatty Acids, Oils and Alcohols by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $1.02M
TOP IMPORT POTENTIALNetherlands+ $1.43M

Industrial Fatty Acids, Oils and Alcohols’s highest export potential is Germany. With an export gap of $1.02M.   Industrial Fatty Acids, Oils and Alcohols’s highest import potential is Netherlands with an import gap of $1.43M.

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