2023
Exports
$1.15BWorld Rnk 23 / 102
Flag Rnk 26 / 1203
2023
PRODUCT COMPLEXITY IN Electricity
-0.74Rnk 770 / 1025
2023
Imports
$3.37BWorld Rnk 6 / 126
Flag Rnk 7 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $1.15B in Electricity, making it the 23rd largest exporter of Electricity in the world. At the same year, Electricity was the 26th most exported product in Hungary. The main destination of Electricity exports from Hungary are: Romania ($362M), Croatia ($197M), Slovenia ($164M), Serbia ($149M), and Slovakia ($125M).

The fastest growing export markets for Electricity of Hungary between 2022 and 2023 were Slovakia ($54.8M) and Turkey ($292k).

Imports In 2023, Hungary imported $3.37B in Electricity, becoming the 6th largest importer of Electricity in the world. At the same year, Electricity was the 7th most imported product in Hungary. Hungary imports Electricity primarily from: Slovakia ($1.17B), Serbia ($657M), Austria ($580M), Romania ($573M), and Croatia ($223M).

The fastest growing import markets in Electricity for Hungary between 2022 and 2023 were Slovenia ($12.5M), Montenegro ($3.38M), and Greece ($3.71k).

Historical Data

Trade Balance

Color
EXPORTS (2023)$1.15B
IMPORTS (2023)$3.37B
NET TRADE (2023)-$2.22B

In 2023, Hungary exported $1.15B in Electricity. The main destinations of Hungary exports on Electricity were Romania ($362M), Croatia ($197M), Slovenia ($164M), Serbia ($149M), and Slovakia ($125M).

In 2023, Hungary imported $3.37B in Electricity, mainly from Slovakia ($1.17B), Serbia ($657M), Austria ($580M), Romania ($573M), and Croatia ($223M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electricity EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Slovakia$54.8M (78.5%)
Turkey$292k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electricity BY Hungary WERE (2022 - 2023):
Croatia-$775M (-79.8%)
Romania-$226M (-38.4%)
Serbia-$206M (-58%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Hungary's main exporting competitors in Electricity were:
In 2023, Hungary's main importing competitors in Electricity were:

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Trade Value of Electricity by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAustria+ $99.8M
TOP IMPORT POTENTIALSlovenia+ $45.6M

Electricity’s highest export potential is Austria. With an export gap of $99.8M.   Electricity’s highest import potential is Slovenia with an import gap of $45.6M.

See methodology.

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