2022
Exports
$1.08MWorld Rnk 43 / 145
Flag Rnk 891 / 1206
2022
PRODUCT COMPLEXITY IN Spice Seeds
-1.2Rnk 880 / 1025
2022
Imports
$2.32MWorld Rnk 65 / 216
Flag Rnk 934 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $1.08M in Spice Seeds, making it the 43rd largest exporter of Spice Seeds in the world. At the same year, Spice Seeds was the 891st most exported product in Hungary. The main destination of Spice Seeds exports from Hungary are: Germany ($438k), United States ($113k), Czechia ($83.1k), Slovakia ($66.8k), and Canada ($63.5k).

The fastest growing export markets for Spice Seeds of Hungary between 2021 and 2022 were United States ($49.4k), Canada ($31.8k), and Czechia ($25.3k).

Imports In 2022, Hungary imported $2.32M in Spice Seeds, becoming the 65th largest importer of Spice Seeds in the world. At the same year, Spice Seeds was the 934th most imported product in Hungary. Hungary imports Spice Seeds primarily from: Serbia ($634k), Czechia ($319k), Netherlands ($297k), Austria ($236k), and Germany ($231k).

The fastest growing import markets in Spice Seeds for Hungary between 2021 and 2022 were Serbia ($367k), Czechia ($111k), and Egypt ($42.1k).

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 Spice Seeds. 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)$1.08M
IMPORTS (2022)$2.32M
NET TRADE (2022)-$1.24M

In 2022, Hungary exported $1.08M in Spice Seeds. The main destinations of Hungary exports on Spice Seeds were Germany ($438k), United States ($113k), Czechia ($83.1k), Slovakia ($66.8k), and Canada ($63.5k).

In 2022, Hungary imported $2.32M in Spice Seeds, mainly from Serbia ($634k), Czechia ($319k), Netherlands ($297k), Austria ($236k), and Germany ($231k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spice Seeds EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
United States$49.4k (77.5%)
Canada$31.8k (101%)
Czechia$25.3k (43.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spice Seeds BY Hungary WERE (2021 - 2022):
Germany-$969k (-68.9%)
Australia-$123k (-91.9%)
Belgium-$7.41k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Spice Seeds were:
India $618M
Vietnam $89.5M
China $84.7M
In 2022, Hungary's main importing competitors in Spice Seeds were:

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Trade Value of Spice Seeds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $89.6k
TOP IMPORT POTENTIALIndia+ $137k

Spice Seeds’s highest export potential is United States. With an export gap of $89.6k.   Spice Seeds’s highest import potential is India with an import gap of $137k.

See methodology.

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