2022
Exports
$33.5MWorld Rnk 23 / 123
Flag Rnk 348 / 1206
2022
PRODUCT COMPLEXITY IN Inorganic Salts
-0.39Rnk 671 / 1025
2022
Imports
$7MWorld Rnk 48 / 186
Flag Rnk 764 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $33.5M in Inorganic Salts, making it the 23rd largest exporter of Inorganic Salts in the world. At the same year, Inorganic Salts was the 348th most exported product in Hungary. The main destination of Inorganic Salts exports from Hungary are: South Korea ($18.9M), China ($12.6M), Czechia ($1.51M), Lithuania ($308k), and Tunisia ($44.7k).

The fastest growing export markets for Inorganic Salts of Hungary between 2021 and 2022 were South Korea ($18.8M), China ($9.23M), and Czechia ($1.5M).

Imports In 2022, Hungary imported $7M in Inorganic Salts, becoming the 48th largest importer of Inorganic Salts in the world. At the same year, Inorganic Salts was the 764th most imported product in Hungary. Hungary imports Inorganic Salts primarily from: China ($1.36M), Netherlands ($1.26M), Poland ($845k), Spain ($730k), and France ($651k).

The fastest growing import markets in Inorganic Salts for Hungary between 2021 and 2022 were China ($634k), Poland ($602k), and Germany ($278k).

Latest Trends

Aug 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 Salts. 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)$33.5M
IMPORTS (2022)$7M
NET TRADE (2022)$26.5M

In 2022, Hungary exported $33.5M in Inorganic Salts. The main destinations of Hungary exports on Inorganic Salts were South Korea ($18.9M), China ($12.6M), Czechia ($1.51M), Lithuania ($308k), and Tunisia ($44.7k).

In 2022, Hungary imported $7M in Inorganic Salts, mainly from China ($1.36M), Netherlands ($1.26M), Poland ($845k), Spain ($730k), and France ($651k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inorganic Salts EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
South Korea$18.8M (22.8k%)
China$9.23M (277%)
Czechia$1.5M (10.3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inorganic Salts BY Hungary WERE (2021 - 2022):
Germany-$187k (-99.9%)
Poland-$99.8k (-79.9%)
India-$92k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Inorganic Salts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $875k
TOP IMPORT POTENTIALChina+ $1.35M

Inorganic Salts’s highest export potential is China. With an export gap of $875k.   Inorganic Salts’s highest import potential is China with an import gap of $1.35M.

See methodology.

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