2023
Exports
$1.53MWorld Rnk 46 / 160
Flag Rnk 821 / 1203
2023
PRODUCT COMPLEXITY IN Pure Olive Oil
-0.73Rnk 765 / 1025
2023
Imports
$15.2MWorld Rnk 43 / 221
Flag Rnk 589 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $1.53M in Pure Olive Oil, making it the 46th largest exporter of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 821st most exported product in Hungary. The main destination of Pure Olive Oil exports from Hungary are: Bulgaria ($409k), Romania ($219k), Czechia ($175k), Italy ($142k), and Croatia ($110k).

The fastest growing export markets for Pure Olive Oil of Hungary between 2022 and 2023 were Romania ($134k), Czechia ($75.6k), and Serbia ($50.3k).

Imports In 2023, Hungary imported $15.2M in Pure Olive Oil, becoming the 43rd largest importer of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 589th most imported product in Hungary. Hungary imports Pure Olive Oil primarily from: Italy ($7.15M), Spain ($3.68M), Germany ($1.41M), Austria ($979k), and Greece ($972k).

The fastest growing import markets in Pure Olive Oil for Hungary between 2022 and 2023 were Italy ($801k), Germany ($507k), and Greece ($106k).

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 Pure Olive 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)$1.53M
IMPORTS (2023)$15.2M
NET TRADE (2023)-$13.7M

In 2023, Hungary exported $1.53M in Pure Olive Oil. The main destinations of Hungary exports on Pure Olive Oil were Bulgaria ($409k), Romania ($219k), Czechia ($175k), Italy ($142k), and Croatia ($110k).

In 2023, Hungary imported $15.2M in Pure Olive Oil, mainly from Italy ($7.15M), Spain ($3.68M), Germany ($1.41M), Austria ($979k), and Greece ($972k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pure Olive Oil EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Romania$134k (158%)
Czechia$75.6k (75.7%)
Serbia$50.3k (160%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pure Olive Oil BY Hungary WERE (2022 - 2023):
Bulgaria-$1.37M (-77%)
Germany-$63.3k (-53.7%)
Austria-$30.3k (-52.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Pure Olive Oil were:
Spain $4.69B
Italy $2.14B
Greece $1.35B
In 2023, Hungary's main importing competitors in Pure Olive Oil were:

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Trade Value of Pure Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $252k
TOP IMPORT POTENTIALSpain+ $1.72M

Pure Olive Oil’s highest export potential is Italy. With an export gap of $252k.   Pure Olive Oil’s highest import potential is Spain with an import gap of $1.72M.

See methodology.

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