2022
Exports
$1.18BWorld Rnk 60 / 214
Flag Rnk 24 / 1206
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$2.66BWorld Rnk 76 / 225
Flag Rnk 9 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $1.18B in Refined Petroleum, making it the 60th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 24th most exported product in Hungary. The main destination of Refined Petroleum exports from Hungary are: Romania ($176M), Serbia ($152M), Austria ($123M), Ukraine ($123M), and Slovakia ($117M).

The fastest growing export markets for Refined Petroleum of Hungary between 2021 and 2022 were Ukraine ($102M), Slovakia ($57.8M), and Poland ($25.3M).

Imports In 2022, Hungary imported $2.66B in Refined Petroleum, becoming the 76th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 9th most imported product in Hungary. Hungary imports Refined Petroleum primarily from: Austria ($802M), Slovakia ($670M), Germany ($259M), Romania ($227M), and Slovenia ($203M).

The fastest growing import markets in Refined Petroleum for Hungary between 2021 and 2022 were Slovakia ($317M), Romania ($103M), and Germany ($101M).

Latest Trends

Sep 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 Refined Petroleum. 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)$1.18B
IMPORTS (2022)$2.66B
NET TRADE (2022)-$1.48B

In 2022, Hungary exported $1.18B in Refined Petroleum. The main destinations of Hungary exports on Refined Petroleum were Romania ($176M), Serbia ($152M), Austria ($123M), Ukraine ($123M), and Slovakia ($117M).

In 2022, Hungary imported $2.66B in Refined Petroleum, mainly from Austria ($802M), Slovakia ($670M), Germany ($259M), Romania ($227M), and Slovenia ($203M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Ukraine$102M (500%)
Slovakia$57.8M (97.8%)
Poland$25.3M (132%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Hungary WERE (2021 - 2022):
Romania-$122M (-40.9%)
Serbia-$41.6M (-21.5%)
Croatia-$9.05M (-17.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Refined Petroleum were:
In 2022, Hungary's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $59.8M
TOP IMPORT POTENTIALNetherlands+ $67M

Refined Petroleum’s highest export potential is Germany. With an export gap of $59.8M.   Refined Petroleum’s highest import potential is Netherlands with an import gap of $67M.

See methodology.

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