2023
Exports
$714MWorld Rnk 4 / 106
Flag Rnk 39 / 1203
2023
PRODUCT COMPLEXITY IN Other Nitrogen Compounds
1.32Rnk 75 / 1025
2023
Imports
$32.6MWorld Rnk 39 / 190
Flag Rnk 444 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $714M in Other Nitrogen Compounds, making it the 4th largest exporter of Other Nitrogen Compounds in the world. At the same year, Other Nitrogen Compounds was the 39th most exported product in Hungary. The main destination of Other Nitrogen Compounds exports from Hungary are: Belgium ($94M), Poland ($83.4M), Italy ($77.2M), Turkey ($75.5M), and Romania ($46.8M).

The fastest growing export markets for Other Nitrogen Compounds of Hungary between 2022 and 2023 were Belgium ($28.6M), United States ($7.93M), and Morocco ($6.92M).

Imports In 2023, Hungary imported $32.6M in Other Nitrogen Compounds, becoming the 39th largest importer of Other Nitrogen Compounds in the world. At the same year, Other Nitrogen Compounds was the 444th most imported product in Hungary. Hungary imports Other Nitrogen Compounds primarily from: China ($23.7M), Germany ($3.53M), Belgium ($2.84M), India ($526k), and France ($460k).

The fastest growing import markets in Other Nitrogen Compounds for Hungary between 2022 and 2023 were China ($8.17M), India ($169k), and Czechia ($163k).

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 Other Nitrogen Compounds. 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)$714M
IMPORTS (2023)$32.6M
NET TRADE (2023)$682M

In 2023, Hungary exported $714M in Other Nitrogen Compounds. The main destinations of Hungary exports on Other Nitrogen Compounds were Belgium ($94M), Poland ($83.4M), Italy ($77.2M), Turkey ($75.5M), and Romania ($46.8M).

In 2023, Hungary imported $32.6M in Other Nitrogen Compounds, mainly from China ($23.7M), Germany ($3.53M), Belgium ($2.84M), India ($526k), and France ($460k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Nitrogen Compounds EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Belgium$28.6M (43.6%)
United States$7.93M (28.1%)
Morocco$6.92M (152%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Nitrogen Compounds BY Hungary WERE (2022 - 2023):
Poland-$31.2M (-27.2%)
Turkey-$26.9M (-26.3%)
Italy-$17.2M (-18.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Other Nitrogen Compounds were:
In 2023, Hungary's main importing competitors in Other Nitrogen Compounds were:

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Trade Value of Other Nitrogen Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.3M
TOP IMPORT POTENTIALGermany+ $894k

Other Nitrogen Compounds’s highest export potential is United States. With an export gap of $8.3M.   Other Nitrogen Compounds’s highest import potential is Germany with an import gap of $894k.

See methodology.

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