2022
Exports
$13.1MWorld Rnk 21 / 166
Flag Rnk 494 / 1206
2022
PRODUCT COMPLEXITY IN Locust beans, seaweed, sugar beet, cane, for food
-1.76Rnk 977 / 1025
2022
Imports
$10.8MWorld Rnk 32 / 197
Flag Rnk 678 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $13.1M in Locust beans, seaweed, sugar beet, cane, for food, making it the 21st largest exporter of Locust beans, seaweed, sugar beet, cane, for food in the world. At the same year, Locust beans, seaweed, sugar beet, cane, for food was the 494th most exported product in Hungary. The main destination of Locust beans, seaweed, sugar beet, cane, for food exports from Hungary are: Brazil ($5.14M), Croatia ($2.48M), Spain ($1.68M), Mexico ($916k), and Chinese Taipei ($453k).

The fastest growing export markets for Locust beans, seaweed, sugar beet, cane, for food of Hungary between 2021 and 2022 were Spain ($616k), Brazil ($568k), and Mexico ($166k).

Imports In 2022, Hungary imported $10.8M in Locust beans, seaweed, sugar beet, cane, for food, becoming the 32nd largest importer of Locust beans, seaweed, sugar beet, cane, for food in the world. At the same year, Locust beans, seaweed, sugar beet, cane, for food was the 678th most imported product in Hungary. Hungary imports Locust beans, seaweed, sugar beet, cane, for food primarily from: Ukraine ($3.35M), Slovakia ($1.81M), Austria ($1.34M), China ($932k), and Netherlands ($883k).

The fastest growing import markets in Locust beans, seaweed, sugar beet, cane, for food for Hungary between 2021 and 2022 were Slovakia ($733k), Netherlands ($415k), and Croatia ($379k).

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 Locust beans, seaweed, sugar beet, cane, for food. 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)$13.1M
IMPORTS (2022)$10.8M
NET TRADE (2022)$2.25M

In 2022, Hungary exported $13.1M in Locust beans, seaweed, sugar beet, cane, for food. The main destinations of Hungary exports on Locust beans, seaweed, sugar beet, cane, for food were Brazil ($5.14M), Croatia ($2.48M), Spain ($1.68M), Mexico ($916k), and Chinese Taipei ($453k).

In 2022, Hungary imported $10.8M in Locust beans, seaweed, sugar beet, cane, for food, mainly from Ukraine ($3.35M), Slovakia ($1.81M), Austria ($1.34M), China ($932k), and Netherlands ($883k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Locust beans, seaweed, sugar beet, cane, for food EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Spain$616k (57.9%)
Brazil$568k (12.4%)
Mexico$166k (22.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locust beans, seaweed, sugar beet, cane, for food BY Hungary WERE (2021 - 2022):
Poland-$530k (-99.2%)
Chinese Taipei-$409k (-47.4%)
Vietnam-$402k (-54.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Locust beans, seaweed, sugar beet, cane, for food were:
In 2022, Hungary's main importing competitors in Locust beans, seaweed, sugar beet, cane, for food were:
Italy $253M
China $202M
Spain $182M

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Trade Value of Locust beans, seaweed, sugar beet, cane, for food by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSpain+ $310k
TOP IMPORT POTENTIALChina+ $658k

Locust beans, seaweed, sugar beet, cane, for food’s highest export potential is Spain. With an export gap of $310k.   Locust beans, seaweed, sugar beet, cane, for food’s highest import potential is China with an import gap of $658k.

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