2023
Exports
$4.26MWorld Rnk 23 / 116
Flag Rnk 679 / 1203
2023
PRODUCT COMPLEXITY IN Peat
0.017Rnk 552 / 1025
2023
Imports
$13.4MWorld Rnk 27 / 198
Flag Rnk 614 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $4.26M in Peat, making it the 23rd largest exporter of Peat in the world. At the same year, Peat was the 679th most exported product in Hungary. The main destination of Peat exports from Hungary are: Romania ($1.46M), Bosnia and Herzegovina ($686k), Serbia ($598k), Italy ($395k), and Slovenia ($308k).

The fastest growing export markets for Peat of Hungary between 2022 and 2023 were Serbia ($217k), Slovenia ($96.2k), and Albania ($5.48k).

Imports In 2023, Hungary imported $13.4M in Peat, becoming the 27th largest importer of Peat in the world. At the same year, Peat was the 614th most imported product in Hungary. Hungary imports Peat primarily from: Latvia ($3.6M), Germany ($2.43M), Slovakia ($1.73M), Poland ($1.16M), and Estonia ($873k).

The fastest growing import markets in Peat for Hungary between 2022 and 2023 were Latvia ($691k), Germany ($280k), and Denmark ($173k).

Latest Trends

Dec 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 Peat. 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)$4.26M
IMPORTS (2023)$13.4M
NET TRADE (2023)-$9.14M

In 2023, Hungary exported $4.26M in Peat. The main destinations of Hungary exports on Peat were Romania ($1.46M), Bosnia and Herzegovina ($686k), Serbia ($598k), Italy ($395k), and Slovenia ($308k).

In 2023, Hungary imported $13.4M in Peat, mainly from Latvia ($3.6M), Germany ($2.43M), Slovakia ($1.73M), Poland ($1.16M), and Estonia ($873k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Peat EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Serbia$217k (57%)
Slovenia$96.2k (45.5%)
Albania$5.48k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Peat BY Hungary WERE (2022 - 2023):
Slovakia-$430k (-72.4%)
Romania-$299k (-17%)
Croatia-$250k (-45.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Peat were:
In 2023, Hungary's main importing competitors in Peat were:

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Trade Value of Peat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $202k
TOP IMPORT POTENTIALNetherlands+ $215k

Peat’s highest export potential is Italy. With an export gap of $202k.   Peat’s highest import potential is Netherlands with an import gap of $215k.

See methodology.

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