2022
Exports
$222MWorld Rnk 15 / 151
Flag Rnk 121 / 1206
2022
PRODUCT COMPLEXITY IN Milk
-0.0031Rnk 548 / 1025
2022
Imports
$61.3MWorld Rnk 30 / 221
Flag Rnk 335 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $222M in Milk, making it the 15th largest exporter of Milk in the world. At the same year, Milk was the 121st most exported product in Hungary. The main destination of Milk exports from Hungary are: Romania ($89.6M), Croatia ($48.1M), Italy ($21.7M), Bosnia and Herzegovina ($9.32M), and Poland ($8.75M).

The fastest growing export markets for Milk of Hungary between 2021 and 2022 were Croatia ($20.4M), Romania ($16.9M), and Bosnia and Herzegovina ($4.51M).

Imports In 2022, Hungary imported $61.3M in Milk, becoming the 30th largest importer of Milk in the world. At the same year, Milk was the 335th most imported product in Hungary. Hungary imports Milk primarily from: Slovakia ($18.7M), Czechia ($10.4M), Poland ($9.97M), Germany ($9.52M), and Belgium ($4.48M).

The fastest growing import markets in Milk for Hungary between 2021 and 2022 were Slovakia ($5.68M), Belgium ($1.73M), and Germany ($1.02M).

Latest Trends

Sep 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 Milk. 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)$222M
IMPORTS (2022)$61.3M
NET TRADE (2022)$161M

In 2022, Hungary exported $222M in Milk. The main destinations of Hungary exports on Milk were Romania ($89.6M), Croatia ($48.1M), Italy ($21.7M), Bosnia and Herzegovina ($9.32M), and Poland ($8.75M).

In 2022, Hungary imported $61.3M in Milk, mainly from Slovakia ($18.7M), Czechia ($10.4M), Poland ($9.97M), Germany ($9.52M), and Belgium ($4.48M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Milk EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Croatia$20.4M (73.8%)
Romania$16.9M (23.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Milk BY Hungary WERE (2021 - 2022):
Germany-$3.92M (-44%)
Greece-$2.47M (-36.1%)
Czechia-$1.87M (-78.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Milk were:
In 2022, Hungary's main importing competitors in Milk were:
Germany $2.03B
China $1.46B

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Trade Value of Milk by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $6.28M
TOP IMPORT POTENTIALAustria+ $2.18M

Milk’s highest export potential is Germany. With an export gap of $6.28M.   Milk’s highest import potential is Austria with an import gap of $2.18M.

See methodology.

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