2023
Exports
$35.3MWorld Rnk 23 / 131
Flag Rnk 339 / 1203
2023
PRODUCT COMPLEXITY IN Rubber
-2.34Rnk 1011 / 1025
2023
Imports
$102MWorld Rnk 25 / 193
Flag Rnk 221 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $35.3M in Rubber, making it the 23rd largest exporter of Rubber in the world. At the same year, Rubber was the 339th most exported product in Hungary. The main destination of Rubber exports from Hungary are: Italy ($12M), Spain ($11.9M), Germany ($5.1M), France ($3.54M), and Poland ($1.3M).

The fastest growing export markets for Rubber of Hungary between 2022 and 2023 were Spain ($10.4M), Italy ($8.25M), and Germany ($4.98M).

Imports In 2018, Hungary imported $102M in Rubber, becoming the 25th largest importer of Rubber in the world. At the same year, Rubber was the 221st most imported product in Hungary. Hungary imports Rubber primarily from: Cote d'Ivoire ($41.9M), Malaysia ($17.1M), Singapore ($16.2M), Indonesia ($8.99M), and Thailand ($7.65M).

The fastest growing import markets in Rubber for Hungary between 2022 and 2023 were Ghana ($2.33M), Netherlands ($863k), and Switzerland ($260k).

Latest Trends

Jan 2025

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 Rubber. 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)$35.3M
IMPORTS (2023)$102M
NET TRADE (2023)-$66.6M

In 2023, Hungary exported $35.3M in Rubber. The main destinations of Hungary exports on Rubber were Italy ($12M), Spain ($11.9M), Germany ($5.1M), France ($3.54M), and Poland ($1.3M).

In 2023, Hungary imported $102M in Rubber, mainly from Cote d'Ivoire ($41.9M), Malaysia ($17.1M), Singapore ($16.2M), Indonesia ($8.99M), and Thailand ($7.65M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rubber EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Spain$10.4M (701%)
Italy$8.25M (220%)
Germany$4.98M (3.99k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber BY Hungary WERE (2022 - 2023):
Slovenia-$160k (-100%)
Czechia-$50.8k (-99.9%)
Finland-$43.6k (-97.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $375k
TOP IMPORT POTENTIALIndonesia+ $4.96M

Rubber’s highest export potential is France. With an export gap of $375k.   Rubber’s highest import potential is Indonesia with an import gap of $4.96M.

See methodology.

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