2023
Exports
$2.48MWorld Rnk 28 / 148
Flag Rnk 759 / 1203
2023
PRODUCT COMPLEXITY IN Pastes and Waxes
1.24Rnk 92 / 1025
2023
Imports
$16.1MWorld Rnk 22 / 203
Flag Rnk 579 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $2.48M in Pastes and Waxes, making it the 28th largest exporter of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 759th most exported product in Hungary. The main destination of Pastes and Waxes exports from Hungary are: Romania ($765k), Italy ($424k), Croatia ($361k), Bulgaria ($120k), and United States ($101k).

The fastest growing export markets for Pastes and Waxes of Hungary between 2022 and 2023 were Italy ($181k), United States ($98.4k), and United Arab Emirates ($53.8k).

Imports In 2023, Hungary imported $16.1M in Pastes and Waxes, becoming the 22nd largest importer of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 579th most imported product in Hungary. Hungary imports Pastes and Waxes primarily from: China ($8.01M), Germany ($2.86M), Poland ($1.57M), Italy ($891k), and Turkey ($729k).

The fastest growing import markets in Pastes and Waxes for Hungary between 2022 and 2023 were Germany ($614k), Slovenia ($566k), and Sweden ($185k).

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 Pastes and Waxes. 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)$2.48M
IMPORTS (2023)$16.1M
NET TRADE (2023)-$13.6M

In 2023, Hungary exported $2.48M in Pastes and Waxes. The main destinations of Hungary exports on Pastes and Waxes were Romania ($765k), Italy ($424k), Croatia ($361k), Bulgaria ($120k), and United States ($101k).

In 2023, Hungary imported $16.1M in Pastes and Waxes, mainly from China ($8.01M), Germany ($2.86M), Poland ($1.57M), Italy ($891k), and Turkey ($729k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pastes and Waxes EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Italy$181k (74.2%)
United States$98.4k (4.7k%)
United Arab Emirates$53.8k (2.8k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pastes and Waxes BY Hungary WERE (2022 - 2023):
Romania-$496k (-39.3%)
Slovakia-$171k (-63.8%)
Kyrgyzstan-$87.6k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Pastes and Waxes were:
In 2023, Hungary's main importing competitors in Pastes and Waxes were:

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Trade Value of Pastes and Waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $110k
TOP IMPORT POTENTIALGermany+ $551k

Pastes and Waxes’s highest export potential is Italy. With an export gap of $110k.   Pastes and Waxes’s highest import potential is Germany with an import gap of $551k.

See methodology.

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