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Exports In 2023, Hungary exported $20.2k in Olive Oil, making it the 50th largest exporter of Olive Oil in the world. At the same year, Olive Oil was the 1129th most exported product in Hungary. The main destination of Olive Oil exports from Hungary are: Romania ($13.5k), Austria ($3.54k), Netherlands ($1.93k), Lithuania ($880), and Slovakia ($361).

The fastest growing export markets for Olive Oil of Hungary between 2022 and 2023 were Romania ($11.8k) and Austria ($3.01k).

Imports In 2023, Hungary imported $1.97M in Olive Oil, becoming the 41st largest importer of Olive Oil in the world. At the same year, Olive Oil was the 933rd most imported product in Hungary. Hungary imports Olive Oil primarily from: Italy ($847k), Spain ($674k), Greece ($275k), Germany ($79.6k), and Poland ($68.2k).

The fastest growing import markets in Olive Oil for Hungary between 2022 and 2023 were Italy ($484k), Greece ($131k), and Poland ($68.2k).

Latest Trends

Jan 2025

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 Olive Oil. 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)$20.2k
IMPORTS (2023)$1.97M
NET TRADE (2023)-$1.95M

In 2023, Hungary exported $20.2k in Olive Oil. The main destinations of Hungary exports on Olive Oil were Romania ($13.5k), Austria ($3.54k), Netherlands ($1.93k), Lithuania ($880), and Slovakia ($361).

In 2023, Hungary imported $1.97M in Olive Oil, mainly from Italy ($847k), Spain ($674k), Greece ($275k), Germany ($79.6k), and Poland ($68.2k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Olive Oil EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Romania$11.8k (669%)
Austria$3.01k (568%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Olive Oil BY Hungary WERE (2022 - 2023):
Lithuania-$51.7k (-98.3%)
Switzerland-$3.4k (-99.9%)
Slovakia-$205 (-36.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Olive Oil were:
Spain $320M
Italy $114M
In 2023, Hungary's main importing competitors in Olive Oil were:

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Trade Value of Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRomania+ $3.34k
TOP IMPORT POTENTIALSpain+ $80.2k

Olive Oil’s highest export potential is Romania. With an export gap of $3.34k.   Olive Oil’s highest import potential is Spain with an import gap of $80.2k.

See methodology.

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