2022
Exports
$131MWorld Rnk 24 / 186
Flag Rnk 173 / 1206
2022
PRODUCT COMPLEXITY IN Coffee and Tea Extracts
-0.5Rnk 703 / 1025
2022
Imports
$86.2MWorld Rnk 35 / 221
Flag Rnk 272 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $131M in Coffee and Tea Extracts, making it the 24th largest exporter of Coffee and Tea Extracts in the world. At the same year, Coffee and Tea Extracts was the 173rd most exported product in Hungary. The main destination of Coffee and Tea Extracts exports from Hungary are: Serbia ($26.7M), Romania ($16M), United Kingdom ($12.9M), Bulgaria ($11.5M), and Poland ($8.36M).

The fastest growing export markets for Coffee and Tea Extracts of Hungary between 2021 and 2022 were Serbia ($6.1M), Romania ($3.67M), and United Kingdom ($2.99M).

Imports In 2022, Hungary imported $86.2M in Coffee and Tea Extracts, becoming the 35th largest importer of Coffee and Tea Extracts in the world. At the same year, Coffee and Tea Extracts was the 272nd most imported product in Hungary. Hungary imports Coffee and Tea Extracts primarily from: Spain ($29.7M), Poland ($22.8M), Germany ($7.66M), France ($5.52M), and Vietnam ($5.28M).

The fastest growing import markets in Coffee and Tea Extracts for Hungary between 2021 and 2022 were Spain ($15M), Germany ($1.31M), and Austria ($771k).

Latest Trends

Jul 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 Coffee and Tea Extracts. 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)$131M
IMPORTS (2022)$86.2M
NET TRADE (2022)$44.3M

In 2022, Hungary exported $131M in Coffee and Tea Extracts. The main destinations of Hungary exports on Coffee and Tea Extracts were Serbia ($26.7M), Romania ($16M), United Kingdom ($12.9M), Bulgaria ($11.5M), and Poland ($8.36M).

In 2022, Hungary imported $86.2M in Coffee and Tea Extracts, mainly from Spain ($29.7M), Poland ($22.8M), Germany ($7.66M), France ($5.52M), and Vietnam ($5.28M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coffee and Tea Extracts EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Serbia$6.1M (29.5%)
Romania$3.67M (29.8%)
United Kingdom$2.99M (30.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coffee and Tea Extracts BY Hungary WERE (2021 - 2022):
Germany-$875k (-17%)
Slovakia-$562k (-26.1%)
Russia-$486k (-73.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Coffee and Tea Extracts were:
In 2022, Hungary's main importing competitors in Coffee and Tea Extracts were:

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Trade Value of Coffee and Tea Extracts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.2M
TOP IMPORT POTENTIALGermany+ $2.22M

Coffee and Tea Extracts’s highest export potential is Germany. With an export gap of $3.2M.   Coffee and Tea Extracts’s highest import potential is Germany with an import gap of $2.22M.

See methodology.

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