2022
Exports
$8.43MWorld Rnk 45 / 194
Flag Rnk 576 / 1206
2022
PRODUCT COMPLEXITY IN Spices
-1.63Rnk 964 / 1025
2022
Imports
$9.22MWorld Rnk 56 / 223
Flag Rnk 708 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $8.43M in Spices, making it the 45th largest exporter of Spices in the world. At the same year, Spices was the 576th most exported product in Hungary. The main destination of Spices exports from Hungary are: Germany ($3.85M), Austria ($1.93M), Romania ($1.03M), Slovakia ($349k), and Croatia ($273k).

The fastest growing export markets for Spices of Hungary between 2021 and 2022 were Bulgaria ($169k), Slovakia ($163k), and Sweden ($58.9k).

Imports In 2022, Hungary imported $9.22M in Spices, becoming the 56th largest importer of Spices in the world. At the same year, Spices was the 708th most imported product in Hungary. Hungary imports Spices primarily from: Netherlands ($3.57M), Austria ($1.68M), Germany ($1M), Turkey ($760k), and Czechia ($386k).

The fastest growing import markets in Spices for Hungary between 2021 and 2022 were Turkey ($216k), Austria ($85.6k), and Belgium ($65k).

Latest Trends

Sep 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 Spices. 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)$8.43M
IMPORTS (2022)$9.22M
NET TRADE (2022)-$791k

In 2022, Hungary exported $8.43M in Spices. The main destinations of Hungary exports on Spices were Germany ($3.85M), Austria ($1.93M), Romania ($1.03M), Slovakia ($349k), and Croatia ($273k).

In 2022, Hungary imported $9.22M in Spices, mainly from Netherlands ($3.57M), Austria ($1.68M), Germany ($1M), Turkey ($760k), and Czechia ($386k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Bulgaria$169k (528%)
Slovakia$163k (87.3%)
Sweden$58.9k (13.4k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Hungary WERE (2021 - 2022):
Germany-$1.01M (-20.9%)
Austria-$430k (-18.3%)
Spain-$58.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAustria+ $209k
TOP IMPORT POTENTIALTurkey+ $238k

Spices’s highest export potential is Austria. With an export gap of $209k.   Spices’s highest import potential is Turkey with an import gap of $238k.

See methodology.

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