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Exports In 2022, Hungary exported $68.3k in Olive Oil, making it the 41st largest exporter of Olive Oil in the world. At the same year, Olive Oil was the 1089th most exported product in Hungary. The main destination of Olive Oil exports from Hungary are: Lithuania ($50.5k), Romania ($11.4k), Switzerland ($3.4k), Netherlands ($2.01k), and Slovakia ($566).

The fastest growing export markets for Olive Oil of Hungary between 2021 and 2022 were Lithuania ($50.5k), Romania ($4.47k), and Switzerland ($3.4k).

Imports In 2022, Hungary imported $1.83M in Olive Oil, becoming the 45th largest importer of Olive Oil in the world. At the same year, Olive Oil was the 963rd most imported product in Hungary. Hungary imports Olive Oil primarily from: Italy ($803k), Spain ($789k), Germany ($142k), Greece ($91k), and Slovakia ($6.36k).

The fastest growing import markets in Olive Oil for Hungary between 2021 and 2022 were Italy ($137k), Spain ($76k), and Slovakia ($6.25k).

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 Olive 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)$68.3k
IMPORTS (2022)$1.83M
NET TRADE (2022)-$1.77M

In 2022, Hungary exported $68.3k in Olive Oil. The main destinations of Hungary exports on Olive Oil were Lithuania ($50.5k), Romania ($11.4k), Switzerland ($3.4k), Netherlands ($2.01k), and Slovakia ($566).

In 2022, Hungary imported $1.83M in Olive Oil, mainly from Italy ($803k), Spain ($789k), Germany ($142k), Greece ($91k), and Slovakia ($6.36k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Olive Oil EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Lithuania$50.5k (1%)
Romania$4.47k (64.7%)
Switzerland$3.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Olive Oil BY Hungary WERE (2021 - 2022):
Italy-$12.3k (-100%)
Austria-$3.19k (-85.7%)
United Arab Emirates-$1.21k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Olive Oil were:
Spain $322M
Italy $115M
Greece $69.6M
In 2022, Hungary's main importing competitors in Olive Oil were:

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Trade Value of Olive Oil by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALRomania+ $3.34k
TOP IMPORT POTENTIALSpain+ $80.2k

Olive Oil’s highest export potential is Romania. With an export gap of $3.34k.   Olive Oil’s highest import potential is Spain with an import gap of $80.2k.

See methodology.

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