2022
Exports
$38.1MWorld Rnk 20 / 158
Flag Rnk 334 / 1206
2022
PRODUCT COMPLEXITY IN Processed Cereals
-0.77Rnk 775 / 1025
2022
Imports
$20MWorld Rnk 29 / 218
Flag Rnk 557 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $38.1M in Processed Cereals, making it the 20th largest exporter of Processed Cereals in the world. At the same year, Processed Cereals was the 334th most exported product in Hungary. The main destination of Processed Cereals exports from Hungary are: Italy ($15.2M), Germany ($7.52M), Turkey ($6.78M), Poland ($1.5M), and Netherlands ($1.24M).

The fastest growing export markets for Processed Cereals of Hungary between 2021 and 2022 were Germany ($2.22M), Italy ($1.42M), and Netherlands ($945k).

Imports In 2022, Hungary imported $20M in Processed Cereals, becoming the 29th largest importer of Processed Cereals in the world. At the same year, Processed Cereals was the 557th most imported product in Hungary. Hungary imports Processed Cereals primarily from: Slovakia ($6.42M), Austria ($4.15M), Germany ($3.43M), Belgium ($2.65M), and Czechia ($1.1M).

The fastest growing import markets in Processed Cereals for Hungary between 2021 and 2022 were Slovakia ($1.31M), Czechia ($580k), and Austria ($450k).

Latest Trends

Nov 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 Processed Cereals. 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)$38.1M
IMPORTS (2022)$20M
NET TRADE (2022)$18.1M

In 2022, Hungary exported $38.1M in Processed Cereals. The main destinations of Hungary exports on Processed Cereals were Italy ($15.2M), Germany ($7.52M), Turkey ($6.78M), Poland ($1.5M), and Netherlands ($1.24M).

In 2022, Hungary imported $20M in Processed Cereals, mainly from Slovakia ($6.42M), Austria ($4.15M), Germany ($3.43M), Belgium ($2.65M), and Czechia ($1.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Cereals EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Germany$2.22M (41.8%)
Italy$1.42M (10.3%)
Netherlands$945k (322%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Cereals BY Hungary WERE (2021 - 2022):
Turkey-$3.15M (-31.7%)
Romania-$941k (-43.7%)
Israel-$222k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Processed Cereals were:
In 2022, Hungary's main importing competitors in Processed Cereals were:

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Trade Value of Processed Cereals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAustria+ $628k
TOP IMPORT POTENTIALUkraine+ $433k

Processed Cereals’s highest export potential is Austria. With an export gap of $628k.   Processed Cereals’s highest import potential is Ukraine with an import gap of $433k.

See methodology.

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