2023
Exports
$49.6MWorld Rnk 18 / 146
Flag Rnk 285 / 1203
2023
PRODUCT COMPLEXITY IN Petroleum Jelly
-0.23Rnk 625 / 1025
2023
Imports
$14.8MWorld Rnk 45 / 209
Flag Rnk 599 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $49.6M in Petroleum Jelly, making it the 18th largest exporter of Petroleum Jelly in the world. At the same year, Petroleum Jelly was the 285th most exported product in Hungary. The main destination of Petroleum Jelly exports from Hungary are: Netherlands ($10.3M), Germany ($7.78M), Poland ($7.08M), Uganda ($6.23M), and Romania ($2.34M).

The fastest growing export markets for Petroleum Jelly of Hungary between 2022 and 2023 were Poland ($2.14M), Uganda ($1.78M), and Nigeria ($669k).

Imports In 2023, Hungary imported $14.8M in Petroleum Jelly, becoming the 45th largest importer of Petroleum Jelly in the world. At the same year, Petroleum Jelly was the 599th most imported product in Hungary. Hungary imports Petroleum Jelly primarily from: Netherlands ($3.26M), Poland ($3.14M), Germany ($3.01M), Italy ($1.83M), and Spain ($1.35M).

The fastest growing import markets in Petroleum Jelly for Hungary between 2022 and 2023 were Netherlands ($2.1M), China ($71.3k), and Belgium ($21.3k).

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 Petroleum Jelly. 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)$49.6M
IMPORTS (2023)$14.8M
NET TRADE (2023)$34.8M

In 2023, Hungary exported $49.6M in Petroleum Jelly. The main destinations of Hungary exports on Petroleum Jelly were Netherlands ($10.3M), Germany ($7.78M), Poland ($7.08M), Uganda ($6.23M), and Romania ($2.34M).

In 2023, Hungary imported $14.8M in Petroleum Jelly, mainly from Netherlands ($3.26M), Poland ($3.14M), Germany ($3.01M), Italy ($1.83M), and Spain ($1.35M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Jelly EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Poland$2.14M (43.3%)
Uganda$1.78M (40%)
Nigeria$669k (50.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Jelly BY Hungary WERE (2022 - 2023):
Netherlands-$4.66M (-31.1%)
Germany-$1.28M (-14.1%)
Ukraine-$1.11M (-72.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Petroleum Jelly were:
In 2023, Hungary's main importing competitors in Petroleum Jelly were:

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Trade Value of Petroleum Jelly by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.79M
TOP IMPORT POTENTIALChina+ $781k

Petroleum Jelly’s highest export potential is Germany. With an export gap of $1.79M.   Petroleum Jelly’s highest import potential is China with an import gap of $781k.

See methodology.

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