2022
Exports
$830MWorld Rnk 46 / 210
Flag Rnk 24 / 96
2022
PRODUCT COMPLEXITY IN Inorganic chemicals
1.72Rnk 21 / 1025
2022
Imports
$1.03BWorld Rnk 38 / 225
Flag Rnk 19 / 96
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $830M in Inorganic chemicals, making it the 46th largest exporter of Inorganic chemicals in the world. At the same year, Inorganic chemicals was the 24th most exported product in Hungary. The main destination of Inorganic chemicals exports from Hungary are: Poland ($82.5M), Romania ($79.2M), Germany ($69.5M), Austria ($64.1M), and Czechia ($62M).

The fastest growing export markets for Inorganic chemicals of Hungary between 2021 and 2022 were South Korea ($36.4M), Poland ($34.3M), and Austria ($27.9M).

Imports In 2018, Hungary imported $1.03B in Inorganic chemicals, becoming the 38th largest importer of Inorganic chemicals in the world. At the same year, Inorganic chemicals was the 19th most imported product in Hungary. Hungary imports Inorganic chemicals primarily from: South Korea ($307M), China ($156M), Germany ($87.4M), Russia ($52.5M), and Bosnia and Herzegovina ($51.3M).

The fastest growing import markets in Inorganic chemicals for Hungary between 2021 and 2022 were China ($37.6M), Czechia ($15.7M), and Poland ($14.2M).

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 Inorganic chemicals. 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)$830M
IMPORTS (2022)$1.03B
NET TRADE (2022)-$201M

In 2022, Hungary exported $830M in Inorganic chemicals. The main destinations of Hungary exports on Inorganic chemicals were Poland ($82.5M), Romania ($79.2M), Germany ($69.5M), Austria ($64.1M), and Czechia ($62M).

In 2022, Hungary imported $1.03B in Inorganic chemicals, mainly from South Korea ($307M), China ($156M), Germany ($87.4M), Russia ($52.5M), and Bosnia and Herzegovina ($51.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inorganic chemicals EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
South Korea$36.4M (252%)
Poland$34.3M (71%)
Austria$27.9M (77.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inorganic chemicals BY Hungary WERE (2021 - 2022):
United States-$11.1M (-22.2%)
United Kingdom-$2.7M (-22.1%)
Saudi Arabia-$2.2M (-45.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Inorganic chemicals were:
In 2022, Hungary's main importing competitors in Inorganic chemicals were:

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Trade Value of Inorganic chemicals by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $12.5M
TOP IMPORT POTENTIALGermany+ $6.17M

Inorganic chemicals’s highest export potential is Germany. With an export gap of $12.5M.   Inorganic chemicals’s highest import potential is Germany with an import gap of $6.17M.

See methodology.

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