2022
Exports
$860MWorld Rnk 11 / 160
Flag Rnk 35 / 1206
2022
PRODUCT COMPLEXITY IN Corn
-1.16Rnk 869 / 1025
2022
Imports
$632MWorld Rnk 25 / 212
Flag Rnk 46 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $860M in Corn, making it the 11th largest exporter of Corn in the world. At the same year, Corn was the 35th most exported product in Hungary. The main destination of Corn exports from Hungary are: Italy ($333M), Austria ($126M), Germany ($86.8M), Russia ($67.5M), and Romania ($51.7M).

The fastest growing export markets for Corn of Hungary between 2021 and 2022 were Austria ($20.4M), Russia ($16.3M), and Croatia ($2.61M).

Imports In 2022, Hungary imported $632M in Corn, becoming the 25th largest importer of Corn in the world. At the same year, Corn was the 46th most imported product in Hungary. Hungary imports Corn primarily from: Ukraine ($338M), Romania ($77.6M), France ($53.6M), Slovakia ($45M), and Serbia ($44.8M).

The fastest growing import markets in Corn for Hungary between 2021 and 2022 were Ukraine ($332M), Romania ($32.5M), and Austria ($25.8M).

Latest Trends

May 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 (2022)$860M
IMPORTS (2022)$632M
NET TRADE (2022)$228M

In 2022, Hungary exported $860M in Corn. The main destinations of Hungary exports on Corn were Italy ($333M), Austria ($126M), Germany ($86.8M), Russia ($67.5M), and Romania ($51.7M).

In 2022, Hungary imported $632M in Corn, mainly from Ukraine ($338M), Romania ($77.6M), France ($53.6M), Slovakia ($45M), and Serbia ($44.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Corn EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Austria$20.4M (19.3%)
Russia$16.3M (31.9%)
Croatia$2.61M (17%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Corn BY Hungary WERE (2021 - 2022):
Romania-$94.4M (-64.6%)
Germany-$37.4M (-30.1%)
Slovakia-$23.5M (-57.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Corn were:
In 2022, Hungary's main importing competitors in Corn were:
China $6.81B
Mexico $5.38B
Japan $5.12B

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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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