2022
Exports
$27.9MWorld Rnk 43 / 135
Flag Rnk 372 / 1206
2022
PRODUCT COMPLEXITY IN Soybean Oil
-0.93Rnk 821 / 1025
2022
Imports
$8.35MWorld Rnk 100 / 215
Flag Rnk 724 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $27.9M in Soybean Oil, making it the 43rd largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 372nd most exported product in Hungary. The main destination of Soybean Oil exports from Hungary are: Belgium ($8.44M), Czechia ($5.1M), Slovenia ($4.44M), Poland ($3.8M), and Germany ($1.88M).

The fastest growing export markets for Soybean Oil of Hungary between 2021 and 2022 were Slovenia ($3.02M), Czechia ($2.76M), and Belgium ($1.02M).

Imports In 2022, Hungary imported $8.35M in Soybean Oil, becoming the 100th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 724th most imported product in Hungary. Hungary imports Soybean Oil primarily from: Germany ($4.06M), Ukraine ($1.69M), Serbia ($951k), Belgium ($757k), and Netherlands ($252k).

The fastest growing import markets in Soybean Oil for Hungary between 2021 and 2022 were Germany ($2.63M), Ukraine ($1.69M), and Belgium ($279k).

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 Soybean 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 (2022)$27.9M
IMPORTS (2022)$8.35M
NET TRADE (2022)$19.6M

In 2022, Hungary exported $27.9M in Soybean Oil. The main destinations of Hungary exports on Soybean Oil were Belgium ($8.44M), Czechia ($5.1M), Slovenia ($4.44M), Poland ($3.8M), and Germany ($1.88M).

In 2022, Hungary imported $8.35M in Soybean Oil, mainly from Germany ($4.06M), Ukraine ($1.69M), Serbia ($951k), Belgium ($757k), and Netherlands ($252k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Slovenia$3.02M (214%)
Czechia$2.76M (118%)
Belgium$1.02M (13.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Hungary WERE (2021 - 2022):
Poland-$5M (-56.8%)
Romania-$1.66M (-84.4%)
Israel-$271k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Soybean Oil were:
In 2022, Hungary's main importing competitors in Soybean Oil were:

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $892k
TOP IMPORT POTENTIALUkraine+ $558k

Soybean Oil’s highest export potential is Germany. With an export gap of $892k.   Soybean Oil’s highest import potential is Ukraine with an import gap of $558k.

See methodology.

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