2023
Exports
$1.71MWorld Rnk 72 / 197
Flag Rnk 806 / 1203
2023
PRODUCT COMPLEXITY IN Tea
-1.68Rnk 971 / 1025
2023
Imports
$8.92MWorld Rnk 84 / 224
Flag Rnk 693 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $1.71M in Tea, making it the 72nd largest exporter of Tea in the world. At the same year, Tea was the 806th most exported product in Hungary. The main destination of Tea exports from Hungary are: Spain ($769k), Serbia ($174k), Romania ($143k), Slovakia ($118k), and Czechia ($110k).

The fastest growing export markets for Tea of Hungary between 2022 and 2023 were Serbia ($141k), Bosnia and Herzegovina ($14.2k), and United Kingdom ($13.9k).

Imports In 2023, Hungary imported $8.92M in Tea, becoming the 84th largest importer of Tea in the world. At the same year, Tea was the 693rd most imported product in Hungary. Hungary imports Tea primarily from: Netherlands ($2.81M), Poland ($1.93M), Germany ($1.49M), Sri Lanka ($766k), and Austria ($536k).

The fastest growing import markets in Tea for Hungary between 2022 and 2023 were Japan ($104k), United States ($42.6k), and United Kingdom ($39.4k).

Latest Trends

Dec 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 Tea. 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)$1.71M
IMPORTS (2023)$8.92M
NET TRADE (2023)-$7.21M

In 2023, Hungary exported $1.71M in Tea. The main destinations of Hungary exports on Tea were Spain ($769k), Serbia ($174k), Romania ($143k), Slovakia ($118k), and Czechia ($110k).

In 2023, Hungary imported $8.92M in Tea, mainly from Netherlands ($2.81M), Poland ($1.93M), Germany ($1.49M), Sri Lanka ($766k), and Austria ($536k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tea EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Serbia$141k (439%)
United Kingdom$13.9k (470%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tea BY Hungary WERE (2022 - 2023):
Spain-$161k (-17.3%)
Romania-$129k (-47.3%)
Netherlands-$73k (-58.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Tea were:
China $1.39B
Kenya $1.37B
In 2023, Hungary's main importing competitors in Tea were:

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Trade Value of Tea by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $75.5k
TOP IMPORT POTENTIALSri Lanka+ $422k

Tea’s highest export potential is Italy. With an export gap of $75.5k.   Tea’s highest import potential is Sri Lanka with an import gap of $422k.

See methodology.

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