2022
Exports
$3.48MWorld Rnk 29 / 158
Flag Rnk 721 / 1206
2022
PRODUCT COMPLEXITY IN Pastes and Waxes
1Rnk 171 / 1025
2022
Imports
$14.6MWorld Rnk 25 / 209
Flag Rnk 617 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $3.48M in Pastes and Waxes, making it the 29th largest exporter of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 721st most exported product in Hungary. The main destination of Pastes and Waxes exports from Hungary are: Romania ($1.25M), Croatia ($397k), Italy ($286k), Serbia ($252k), and Slovakia ($236k).

The fastest growing export markets for Pastes and Waxes of Hungary between 2021 and 2022 were Serbia ($141k), Spain ($102k), and Kyrgyzstan ($87.6k).

Imports In 2022, Hungary imported $14.6M in Pastes and Waxes, becoming the 25th largest importer of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 617th most imported product in Hungary. Hungary imports Pastes and Waxes primarily from: China ($8.01M), Germany ($1.75M), Poland ($1.17M), Turkey ($1.14M), and Italy ($856k).

The fastest growing import markets in Pastes and Waxes for Hungary between 2021 and 2022 were China ($4.75M), Turkey ($888k), and Germany ($292k).

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 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 (2022)$3.48M
IMPORTS (2022)$14.6M
NET TRADE (2022)-$11.1M

In 2022, Hungary exported $3.48M in Pastes and Waxes. The main destinations of Hungary exports on Pastes and Waxes were Romania ($1.25M), Croatia ($397k), Italy ($286k), Serbia ($252k), and Slovakia ($236k).

In 2022, Hungary imported $14.6M in Pastes and Waxes, mainly from China ($8.01M), Germany ($1.75M), Poland ($1.17M), Turkey ($1.14M), and Italy ($856k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pastes and Waxes EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Serbia$141k (126%)
Spain$102k (329%)
Kyrgyzstan$87.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pastes and Waxes BY Hungary WERE (2021 - 2022):
Croatia-$130k (-24.7%)
Slovakia-$127k (-34.9%)
Poland-$117k (-62.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Pastes and Waxes were:
In 2022, 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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