2023
Exports
$202MWorld Rnk 38 / 208
Flag Rnk 125 / 1203
2023
PRODUCT COMPLEXITY IN Baked Goods
-0.25Rnk 632 / 1025
2023
Imports
$421MWorld Rnk 28 / 226
Flag Rnk 72 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $202M in Baked Goods, making it the 38th largest exporter of Baked Goods in the world. At the same year, Baked Goods was the 125th most exported product in Hungary. The main destination of Baked Goods exports from Hungary are: Belgium ($32.8M), Germany ($26M), Romania ($23.1M), Czechia ($22.2M), and Slovakia ($13.7M).

The fastest growing export markets for Baked Goods of Hungary between 2022 and 2023 were Belgium ($13.1M), Germany ($7.07M), and Czechia ($6.03M).

Imports In 2023, Hungary imported $421M in Baked Goods, becoming the 28th largest importer of Baked Goods in the world. At the same year, Baked Goods was the 72nd most imported product in Hungary. Hungary imports Baked Goods primarily from: Germany ($104M), Poland ($88.8M), Italy ($46.6M), Czechia ($33.8M), and Slovakia ($32.9M).

The fastest growing import markets in Baked Goods for Hungary between 2022 and 2023 were Poland ($18.5M), Germany ($13.9M), and Slovakia ($10.6M).

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 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 (2023)$202M
IMPORTS (2023)$421M
NET TRADE (2023)-$219M

In 2023, Hungary exported $202M in Baked Goods. The main destinations of Hungary exports on Baked Goods were Belgium ($32.8M), Germany ($26M), Romania ($23.1M), Czechia ($22.2M), and Slovakia ($13.7M).

In 2023, Hungary imported $421M in Baked Goods, mainly from Germany ($104M), Poland ($88.8M), Italy ($46.6M), Czechia ($33.8M), and Slovakia ($32.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Baked Goods EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Belgium$13.1M (67%)
Germany$7.07M (37.4%)
Czechia$6.03M (37.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Baked Goods BY Hungary WERE (2022 - 2023):
Russia-$1.46M (-54.5%)
Iceland-$873k (-56%)
United Kingdom-$649k (-9.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Baked Goods were:
Germany $5.89B
Canada $5.28B
Italy $4.02B
In 2023, 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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