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2022
Exports $7.42kWorld Rnk 58 / 99
Flag Rnk 1168 / 1206
2022
Destination $5.03k Netherlands
2021 - 2022
FASTEST GROWING MARKET $5.03kNetherlands
2022
PRODUCT COMPLEXITY IN Ground Nut Oil-1.93Rnk 993 / 1025
2022
Imports $104kWorld Rnk 59 / 185
Flag Rnk 1153 / 1210
2022
Origin $5.37k Germany
2021 - 2022
FASTEST GROWING ORIGIN $5.37kItaly
2022
ECONOMIC COMPLEXITY of Hungary1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $7.42k in Ground Nut Oil, making it the 58th largest exporter of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 1168th most exported product in Hungary. The main destination of Ground Nut Oil exports from Hungary are: Netherlands ($5.09k), Germany ($2.26k), Czechia ($53), Romania ($13), and Slovakia ($7).

The fastest growing export markets for Ground Nut Oil of Hungary between 2021 and 2022 were Netherlands ($5.03k).

Imports In 2022, Hungary imported $104k in Ground Nut Oil, becoming the 59th largest importer of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 1153rd most imported product in Hungary. Hungary imports Ground Nut Oil primarily from: Germany ($50.6k), Italy ($38.7k), Netherlands ($4.9k), Belgium ($3.7k), and Israel ($3k).

The fastest growing import markets in Ground Nut Oil for Hungary between 2021 and 2022 were Italy ($5.37k), Israel ($3k), and France ($237).

Latest Trends

Jul 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 Ground Nut 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)$7.42k
IMPORTS (2022)$104k
NET TRADE (2022)-$96.2k

In 2022, Hungary exported $7.42k in Ground Nut Oil. The main destinations of Hungary exports on Ground Nut Oil were Netherlands ($5.09k), Germany ($2.26k), Czechia ($53), Romania ($13), and Slovakia ($7).

In 2022, Hungary imported $104k in Ground Nut Oil, mainly from Germany ($50.6k), Italy ($38.7k), Netherlands ($4.9k), Belgium ($3.7k), and Israel ($3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ground Nut Oil EXPORT MARKETS FOR Hungary WERE (2021 - 2022):Netherlands$5.03k (8.98k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nut Oil BY Hungary WERE (2021 - 2022):
Saudi Arabia-$261 (-100%)
Czechia-$58 (-52.3%)
Germany-$37 (-1.61%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Ground Nut Oil were:
Brazil $277M
India $156M
Argentina $128M
In 2022, Hungary's main importing competitors in Ground Nut Oil were:
China $475M
Italy $65.8M
United States $54.3M

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Trade Value of Ground Nut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $2.49k
TOP IMPORT POTENTIALNetherlands+ $5.51k

Ground Nut Oil’s highest export potential is Netherlands. With an export gap of $2.49k.   Ground Nut Oil’s highest import potential is Netherlands with an import gap of $5.51k.

See methodology.

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