2023
Exports
$22.4MWorld Rnk 35 / 153
Flag Rnk 406 / 1203
2023
PRODUCT COMPLEXITY IN Fermented Milk Products
-0.17Rnk 610 / 1025
2023
Imports
$84.7MWorld Rnk 16 / 223
Flag Rnk 256 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $22.4M in Fermented Milk Products, making it the 35th largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 406th most exported product in Hungary. The main destination of Fermented Milk Products exports from Hungary are: Romania ($18.1M), Croatia ($1.55M), Saudi Arabia ($1.22M), Slovakia ($418k), and Jordan ($265k).

The fastest growing export markets for Fermented Milk Products of Hungary between 2022 and 2023 were Romania ($1.43M), Croatia ($411k), and Jordan ($152k).

Imports In 2023, Hungary imported $84.7M in Fermented Milk Products, becoming the 16th largest importer of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 256th most imported product in Hungary. Hungary imports Fermented Milk Products primarily from: Poland ($30.6M), Germany ($23M), Romania ($11.6M), Belgium ($6.33M), and Austria ($5.79M).

The fastest growing import markets in Fermented Milk Products for Hungary between 2022 and 2023 were Poland ($8.64M), Germany ($4.55M), and Austria ($1.16M).

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 Fermented Milk Products. 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)$22.4M
IMPORTS (2023)$84.7M
NET TRADE (2023)-$62.4M

In 2023, Hungary exported $22.4M in Fermented Milk Products. The main destinations of Hungary exports on Fermented Milk Products were Romania ($18.1M), Croatia ($1.55M), Saudi Arabia ($1.22M), Slovakia ($418k), and Jordan ($265k).

In 2023, Hungary imported $84.7M in Fermented Milk Products, mainly from Poland ($30.6M), Germany ($23M), Romania ($11.6M), Belgium ($6.33M), and Austria ($5.79M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Fermented Milk Products EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Romania$1.43M (8.6%)
Croatia$411k (36.2%)
Jordan$152k (133%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fermented Milk Products BY Hungary WERE (2022 - 2023):
Saudi Arabia-$2.82M (-69.8%)
Serbia-$260k (-92.6%)
Qatar-$169k (-75.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Fermented Milk Products were:
In 2023, Hungary's main importing competitors in Fermented Milk Products were:

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Trade Value of Fermented Milk Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSlovakia+ $346k
TOP IMPORT POTENTIALAustria+ $2.11M

Fermented Milk Products’s highest export potential is Slovakia. With an export gap of $346k.   Fermented Milk Products’s highest import potential is Austria with an import gap of $2.11M.

See methodology.

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