2023
Exports
$272kWorld Rnk 100 / 150
Flag Rnk 994 / 1203
2023
PRODUCT COMPLEXITY IN Palm Oil
-2.25Rnk 1010 / 1025
2023
Imports
$46.6MWorld Rnk 83 / 206
Flag Rnk 376 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $272k in Palm Oil, making it the 100th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 994th most exported product in Hungary. The main destination of Palm Oil exports from Hungary are: Germany ($142k), Netherlands ($40.3k), Romania ($33.1k), Austria ($24.1k), and France ($16k).

The fastest growing export markets for Palm Oil of Hungary between 2022 and 2023 were Germany ($134k), Austria ($4.62k), and Turkey ($3).

Imports In 2023, Hungary imported $46.6M in Palm Oil, becoming the 83rd largest importer of Palm Oil in the world. At the same year, Palm Oil was the 376th most imported product in Hungary. Hungary imports Palm Oil primarily from: Netherlands ($14.2M), Belgium ($9.06M), Italy ($7.65M), Germany ($3.85M), and Greece ($2.76M).

The fastest growing import markets in Palm Oil for Hungary between 2022 and 2023 were Belgium ($2.23M), Croatia ($1.25M), and Spain ($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 Palm 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)$272k
IMPORTS (2023)$46.6M
NET TRADE (2023)-$46.3M

In 2023, Hungary exported $272k in Palm Oil. The main destinations of Hungary exports on Palm Oil were Germany ($142k), Netherlands ($40.3k), Romania ($33.1k), Austria ($24.1k), and France ($16k).

In 2023, Hungary imported $46.6M in Palm Oil, mainly from Netherlands ($14.2M), Belgium ($9.06M), Italy ($7.65M), Germany ($3.85M), and Greece ($2.76M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Germany$134k (1.53k%)
Austria$4.62k (23.7%)
Turkey$3 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Hungary WERE (2022 - 2023):
Netherlands-$280k (-87.4%)
Serbia-$213k (-100%)
Romania-$123k (-78.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Palm Oil were:
In 2023, Hungary's main importing competitors in Palm Oil were:
India $8.7B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $149k
TOP IMPORT POTENTIALMalaysia+ $3.04M

Palm Oil’s highest export potential is Netherlands. With an export gap of $149k.   Palm Oil’s highest import potential is Malaysia with an import gap of $3.04M.

See methodology.

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