2022
Exports
$730MWorld Rnk 4 / 101
Flag Rnk 40 / 1206
2022
PRODUCT COMPLEXITY IN Other Nitrogen Compounds
1.34Rnk 83 / 1025
2022
Imports
$22.3MWorld Rnk 49 / 194
Flag Rnk 539 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $730M in Other Nitrogen Compounds, making it the 4th largest exporter of Other Nitrogen Compounds in the world. At the same year, Other Nitrogen Compounds was the 40th most exported product in Hungary. The main destination of Other Nitrogen Compounds exports from Hungary are: Poland ($106M), Turkey ($100M), Italy ($96M), Belgium ($58.4M), and Romania ($45.5M).

The fastest growing export markets for Other Nitrogen Compounds of Hungary between 2021 and 2022 were Poland ($7.83M), United Kingdom ($4.38M), and Palestine ($3.31M).

Imports In 2022, Hungary imported $22.3M in Other Nitrogen Compounds, becoming the 49th largest importer of Other Nitrogen Compounds in the world. At the same year, Other Nitrogen Compounds was the 539th most imported product in Hungary. Hungary imports Other Nitrogen Compounds primarily from: China ($9.77M), Germany ($5.37M), Belgium ($3.88M), India ($744k), and Spain ($604k).

The fastest growing import markets in Other Nitrogen Compounds for Hungary between 2021 and 2022 were Belgium ($1.71M), Poland ($159k), and United States ($131k).

Latest Trends

Oct 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 Other Nitrogen Compounds. 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)$730M
IMPORTS (2022)$22.3M
NET TRADE (2022)$708M

In 2022, Hungary exported $730M in Other Nitrogen Compounds. The main destinations of Hungary exports on Other Nitrogen Compounds were Poland ($106M), Turkey ($100M), Italy ($96M), Belgium ($58.4M), and Romania ($45.5M).

In 2022, Hungary imported $22.3M in Other Nitrogen Compounds, mainly from China ($9.77M), Germany ($5.37M), Belgium ($3.88M), India ($744k), and Spain ($604k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Nitrogen Compounds EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Poland$7.83M (8%)
United Kingdom$4.38M (77.7%)
Palestine$3.31M (106%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Nitrogen Compounds BY Hungary WERE (2021 - 2022):
Belgium-$30.7M (-34.5%)
Russia-$21.5M (-82.3%)
Brazil-$8.69M (-46.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Other Nitrogen Compounds were:
In 2022, Hungary's main importing competitors in Other Nitrogen Compounds were:

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Trade Value of Other Nitrogen Compounds by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $8.3M
TOP IMPORT POTENTIALGermany+ $894k

Other Nitrogen Compounds’s highest export potential is United States. With an export gap of $8.3M.   Other Nitrogen Compounds’s highest import potential is Germany with an import gap of $894k.

See methodology.

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