2023
Exports
$581MWorld Rnk 15 / 158
Flag Rnk 51 / 1203
2023
PRODUCT COMPLEXITY IN Corn
-1.03Rnk 838 / 1025
2023
Imports
$397MWorld Rnk 31 / 216
Flag Rnk 73 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $581M in Corn, making it the 15th largest exporter of Corn in the world. At the same year, Corn was the 51st most exported product in Hungary. The main destination of Corn exports from Hungary are: Italy ($204M), Austria ($56.6M), Romania ($53.2M), Russia ($38M), and Germany ($36.3M).

The fastest growing export markets for Corn of Hungary between 2022 and 2023 were Bulgaria ($11.4M), Serbia ($6.79M), and Netherlands ($4.2M).

Imports In 2023, Hungary imported $397M in Corn, becoming the 31st largest importer of Corn in the world. At the same year, Corn was the 73rd most imported product in Hungary. Hungary imports Corn primarily from: Ukraine ($189M), France ($59.6M), Romania ($56.6M), Slovakia ($32.6M), and Serbia ($14.1M).

The fastest growing import markets in Corn for Hungary between 2022 and 2023 were France ($6.16M), Slovakia ($5.06M), and Lithuania ($1.72M).

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 Corn. 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)$581M
IMPORTS (2023)$397M
NET TRADE (2023)$184M

In 2023, Hungary exported $581M in Corn. The main destinations of Hungary exports on Corn were Italy ($204M), Austria ($56.6M), Romania ($53.2M), Russia ($38M), and Germany ($36.3M).

In 2023, Hungary imported $397M in Corn, mainly from Ukraine ($189M), France ($59.6M), Romania ($56.6M), Slovakia ($32.6M), and Serbia ($14.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Corn EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Bulgaria$11.4M (88.2%)
Serbia$6.79M (62.3%)
Netherlands$4.2M (53%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Corn BY Hungary WERE (2022 - 2023):
Italy-$120M (-37%)
Austria-$57.9M (-50.6%)
Germany-$38.1M (-51.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Corn were:
In 2023, Hungary's main importing competitors in Corn were:
China $7.56B
Japan $4.52B

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Trade Value of Corn by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $10.3M
TOP IMPORT POTENTIALRomania+ $11.8M

Corn’s highest export potential is Spain. With an export gap of $10.3M.   Corn’s highest import potential is Romania with an import gap of $11.8M.

See methodology.

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