2022
Exports
$554kWorld Rnk 33 / 121
Flag Rnk 954 / 1206
2022
PRODUCT COMPLEXITY IN Vanilla
-1.9Rnk 988 / 1025
2022
Imports
$1.06MWorld Rnk 30 / 198
Flag Rnk 1018 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $554k in Vanilla, making it the 33rd largest exporter of Vanilla in the world. At the same year, Vanilla was the 954th most exported product in Hungary. The main destination of Vanilla exports from Hungary are: Croatia ($379k), Slovakia ($70.9k), Finland ($27.8k), Belgium ($27.4k), and Czechia ($20.6k).

The fastest growing export markets for Vanilla of Hungary between 2021 and 2022 were Belgium ($23.1k), Finland ($17.4k), and Slovakia ($16.4k).

Imports In 2022, Hungary imported $1.06M in Vanilla, becoming the 30th largest importer of Vanilla in the world. At the same year, Vanilla was the 1018th most imported product in Hungary. Hungary imports Vanilla primarily from: Germany ($596k), Italy ($166k), Uganda ($163k), France ($49.7k), and Austria ($18.5k).

The fastest growing import markets in Vanilla for Hungary between 2021 and 2022 were Italy ($134k), Germany ($104k), and Uganda ($86.8k).

Latest Trends

Oct 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 Vanilla. 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)$554k
IMPORTS (2022)$1.06M
NET TRADE (2022)-$503k

In 2022, Hungary exported $554k in Vanilla. The main destinations of Hungary exports on Vanilla were Croatia ($379k), Slovakia ($70.9k), Finland ($27.8k), Belgium ($27.4k), and Czechia ($20.6k).

In 2022, Hungary imported $1.06M in Vanilla, mainly from Germany ($596k), Italy ($166k), Uganda ($163k), France ($49.7k), and Austria ($18.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vanilla EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Belgium$23.1k (539%)
Finland$17.4k (166%)
Slovakia$16.4k (30%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vanilla BY Hungary WERE (2021 - 2022):
Saudi Arabia-$259k (-98.9%)
Czechia-$39.3k (-65.6%)
Germany-$17.4k (-95.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Vanilla by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBelgium+ $11k
TOP IMPORT POTENTIALFrance+ $38.2k

Vanilla’s highest export potential is Belgium. With an export gap of $11k.   Vanilla’s highest import potential is France with an import gap of $38.2k.

See methodology.

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