2022
Exports
$1.01BWorld Rnk 7 / 152
Flag Rnk 27 / 1206
2022
PRODUCT COMPLEXITY IN Seed Oils
-0.99Rnk 836 / 1025
2022
Imports
$162MWorld Rnk 24 / 211
Flag Rnk 168 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $1.01B in Seed Oils, making it the 7th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 27th most exported product in Hungary. The main destination of Seed Oils exports from Hungary are: Germany ($217M), Netherlands ($185M), Italy ($165M), Czechia ($84.3M), and Croatia ($66.3M).

The fastest growing export markets for Seed Oils of Hungary between 2021 and 2022 were Netherlands ($126M), Germany ($35.4M), and Czechia ($31.6M).

Imports In 2022, Hungary imported $162M in Seed Oils, becoming the 24th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 168th most imported product in Hungary. Hungary imports Seed Oils primarily from: Ukraine ($108M), Croatia ($20.1M), Romania ($12M), Austria ($3.83M), and Bulgaria ($3.16M).

The fastest growing import markets in Seed Oils for Hungary between 2021 and 2022 were Ukraine ($107M), Bulgaria ($3.12M), and Austria ($2.03M).

Latest Trends

Aug 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 Seed Oils. 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)$1.01B
IMPORTS (2022)$162M
NET TRADE (2022)$849M

In 2022, Hungary exported $1.01B in Seed Oils. The main destinations of Hungary exports on Seed Oils were Germany ($217M), Netherlands ($185M), Italy ($165M), Czechia ($84.3M), and Croatia ($66.3M).

In 2022, Hungary imported $162M in Seed Oils, mainly from Ukraine ($108M), Croatia ($20.1M), Romania ($12M), Austria ($3.83M), and Bulgaria ($3.16M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Netherlands$126M (213%)
Germany$35.4M (19.5%)
Czechia$31.6M (59.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Hungary WERE (2021 - 2022):
Bosnia and Herzegovina-$6.15M (-33.6%)
Serbia-$6.1M (-97.5%)
Syria-$4.33M (-71%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Seed Oils were:
Ukraine $5.54B
Russia $3.01B
Turkey $1.88B
In 2022, Hungary's main importing competitors in Seed Oils were:

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $8.56M
TOP IMPORT POTENTIALUkraine+ $12.6M

Seed Oils’s highest export potential is France. With an export gap of $8.56M.   Seed Oils’s highest import potential is Ukraine with an import gap of $12.6M.

See methodology.

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