2022
Exports
$2.06BWorld Rnk 32 / 214
Flag Rnk 9 / 96
2022
PRODUCT COMPLEXITY IN Organic chemicals
1.95Rnk 8 / 1025
2022
Imports
$2.16BWorld Rnk 39 / 225
Flag Rnk 12 / 96
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $2.06B in Organic chemicals, making it the 32nd largest exporter of Organic chemicals in the world. At the same year, Organic chemicals was the 9th most exported product in Hungary. The main destination of Organic chemicals exports from Hungary are: Poland ($201M), Germany ($186M), France ($166M), Italy ($153M), and Turkey ($119M).

The fastest growing export markets for Organic chemicals of Hungary between 2021 and 2022 were France ($39.3M), Czechia ($26.4M), and Spain ($20.5M).

Imports In 2022, Hungary imported $2.16B in Organic chemicals, becoming the 39th largest importer of Organic chemicals in the world. At the same year, Organic chemicals was the 12th most imported product in Hungary. Hungary imports Organic chemicals primarily from: Germany ($303M), Belgium ($260M), Netherlands ($207M), China ($204M), and Czechia ($197M).

The fastest growing import markets in Organic chemicals for Hungary between 2021 and 2022 were Belgium ($148M), Czechia ($48.3M), and Germany ($32.9M).

Latest Trends

Jul 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 Organic chemicals. 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)$2.06B
IMPORTS (2022)$2.16B
NET TRADE (2022)-$102M

In 2022, Hungary exported $2.06B in Organic chemicals. The main destinations of Hungary exports on Organic chemicals were Poland ($201M), Germany ($186M), France ($166M), Italy ($153M), and Turkey ($119M).

In 2022, Hungary imported $2.16B in Organic chemicals, mainly from Germany ($303M), Belgium ($260M), Netherlands ($207M), China ($204M), and Czechia ($197M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Organic chemicals EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
France$39.3M (31.1%)
Czechia$26.4M (38.5%)
Spain$20.5M (35.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Organic chemicals BY Hungary WERE (2021 - 2022):
Germany-$50M (-21.2%)
Slovakia-$24.2M (-19.8%)
Belgium-$21.9M (-20.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Organic chemicals were:
In 2022, Hungary's main importing competitors in Organic chemicals were:

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Trade Value of Organic chemicals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $63M
TOP IMPORT POTENTIALChina+ $91.3M

Organic chemicals’s highest export potential is United States. With an export gap of $63M.   Organic chemicals’s highest import potential is China with an import gap of $91.3M.

See methodology.

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