2023
Exports
$386MWorld Rnk 55 / 163
Flag Rnk 77 / 1203
2023
PRODUCT COMPLEXITY IN Petroleum Gas
-2.01Rnk 998 / 1025
2023
Imports
$4.75BWorld Rnk 20 / 220
Flag Rnk 2 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $386M in Petroleum Gas, making it the 55th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 77th most exported product in Hungary. The main destination of Petroleum Gas exports from Hungary are: Serbia ($168M), Ukraine ($137M), Croatia ($35.2M), Romania ($31.3M), and Slovakia ($5.97M).

The fastest growing export markets for Petroleum Gas of Hungary between 2022 and 2023 were Ukraine ($5.79M), Slovakia ($2.69M), and North Macedonia ($485k).

Imports In 2023, Hungary imported $4.75B in Petroleum Gas, becoming the 20th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 2nd most imported product in Hungary. Hungary imports Petroleum Gas primarily from: Russia ($3.67B), Austria ($687M), Croatia ($107M), Serbia ($63.2M), and Romania ($51.2M).

The fastest growing import markets in Petroleum Gas for Hungary between 2022 and 2023 were Netherlands ($9.69M), Serbia ($9.2M), and Greece ($5.84M).

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 Petroleum Gas. 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)$386M
IMPORTS (2023)$4.75B
NET TRADE (2023)-$4.36B

In 2023, Hungary exported $386M in Petroleum Gas. The main destinations of Hungary exports on Petroleum Gas were Serbia ($168M), Ukraine ($137M), Croatia ($35.2M), Romania ($31.3M), and Slovakia ($5.97M).

In 2023, Hungary imported $4.75B in Petroleum Gas, mainly from Russia ($3.67B), Austria ($687M), Croatia ($107M), Serbia ($63.2M), and Romania ($51.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Ukraine$5.79M (4.41%)
Slovakia$2.69M (81.8%)
North Macedonia$485k (164%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Hungary WERE (2022 - 2023):
Serbia-$547M (-76.5%)
Romania-$347M (-91.7%)
Croatia-$34.2M (-49.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Petroleum Gas were:
In 2023, Hungary's main importing competitors in Petroleum Gas were:
China $83.7B
Japan $52.5B
France $45.4B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCroatia+ $28.1M
TOP IMPORT POTENTIALGermany+ $44.5M

Petroleum Gas’s highest export potential is Croatia. With an export gap of $28.1M.   Petroleum Gas’s highest import potential is Germany with an import gap of $44.5M.

See methodology.

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