2022
Exports
$147MWorld Rnk 44 / 210
Flag Rnk 164 / 1206
2022
PRODUCT COMPLEXITY IN Baked Goods
-0.32Rnk 655 / 1025
2022
Imports
$356MWorld Rnk 31 / 226
Flag Rnk 87 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $147M in Baked Goods, making it the 44th largest exporter of Baked Goods in the world. At the same year, Baked Goods was the 164th most exported product in Hungary. The main destination of Baked Goods exports from Hungary are: Germany ($20.7M), Romania ($20.2M), Czechia ($15.3M), Slovakia ($11.9M), and Croatia ($9.17M).

The fastest growing export markets for Baked Goods of Hungary between 2021 and 2022 were United Kingdom ($4.04M), Germany ($3.11M), and Czechia ($2.36M).

Imports In 2022, Hungary imported $356M in Baked Goods, becoming the 31st largest importer of Baked Goods in the world. At the same year, Baked Goods was the 87th most imported product in Hungary. Hungary imports Baked Goods primarily from: Germany ($84.5M), Poland ($75M), Italy ($40M), Czechia ($30.8M), and Austria ($29.4M).

The fastest growing import markets in Baked Goods for Hungary between 2021 and 2022 were Poland ($24.1M), Slovakia ($9.22M), and Austria ($2.3M).

Latest Trends

Aug 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 Baked Goods. 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)$147M
IMPORTS (2022)$356M
NET TRADE (2022)-$209M

In 2022, Hungary exported $147M in Baked Goods. The main destinations of Hungary exports on Baked Goods were Germany ($20.7M), Romania ($20.2M), Czechia ($15.3M), Slovakia ($11.9M), and Croatia ($9.17M).

In 2022, Hungary imported $356M in Baked Goods, mainly from Germany ($84.5M), Poland ($75M), Italy ($40M), Czechia ($30.8M), and Austria ($29.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Baked Goods EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
United Kingdom$4.04M (195%)
Germany$3.11M (17.7%)
Czechia$2.36M (18.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Baked Goods BY Hungary WERE (2021 - 2022):
Belgium-$4.34M (-44.6%)
Russia-$1.03M (-27.7%)
Kuwait-$862k (-74.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Baked Goods were:
Germany $4.92B
Canada $4.75B
Italy $3.5B
In 2022, Hungary's main importing competitors in Baked Goods were:

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Trade Value of Baked Goods by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $9.49M
TOP IMPORT POTENTIALAustria+ $9.26M

Baked Goods’s highest export potential is Germany. With an export gap of $9.49M.   Baked Goods’s highest import potential is Austria with an import gap of $9.26M.

See methodology.

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