2022
Exports
$727kWorld Rnk 91 / 149
Flag Rnk 927 / 1206
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$47.2MWorld Rnk 94 / 208
Flag Rnk 389 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $727k in Palm Oil, making it the 91st largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 927th most exported product in Hungary. The main destination of Palm Oil exports from Hungary are: Serbia ($213k), Romania ($113k), France ($103k), Austria ($88.1k), and Netherlands ($87.6k).

The fastest growing export markets for Palm Oil of Hungary between 2021 and 2022 were Serbia ($213k), France ($101k), and Netherlands ($84.1k).

Imports In 2022, Hungary imported $47.2M in Palm Oil, becoming the 94th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 389th most imported product in Hungary. Hungary imports Palm Oil primarily from: Netherlands ($11.5M), Italy ($10.9M), Germany ($7.93M), Belgium ($7.1M), and Malaysia ($2.62M).

The fastest growing import markets in Palm Oil for Hungary between 2021 and 2022 were Belgium ($4.16M), Malaysia ($1.89M), and Greece ($1.6M).

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 Palm Oil. 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)$727k
IMPORTS (2022)$47.2M
NET TRADE (2022)-$46.4M

In 2022, Hungary exported $727k in Palm Oil. The main destinations of Hungary exports on Palm Oil were Serbia ($213k), Romania ($113k), France ($103k), Austria ($88.1k), and Netherlands ($87.6k).

In 2022, Hungary imported $47.2M in Palm Oil, mainly from Netherlands ($11.5M), Italy ($10.9M), Germany ($7.93M), Belgium ($7.1M), and Malaysia ($2.62M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Serbia$213k (21.3M%)
France$101k (7.03k%)
Netherlands$84.1k (2.4k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Hungary WERE (2021 - 2022):
Poland-$171k (-100%)
Israel-$95.9k (-100%)
Austria-$35.7k (-28.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Palm Oil were:
In 2022, Hungary's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $149k
TOP IMPORT POTENTIALMalaysia+ $3.04M

Palm Oil’s highest export potential is Netherlands. With an export gap of $149k.   Palm Oil’s highest import potential is Malaysia with an import gap of $3.04M.

See methodology.

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