2022
Exports
$24.7MWorld Rnk 42 / 202
Flag Rnk 384 / 1206
2022
PRODUCT COMPLEXITY IN Soap
-1.11Rnk 858 / 1025
2022
Imports
$56.5MWorld Rnk 41 / 223
Flag Rnk 347 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $24.7M in Soap, making it the 42nd largest exporter of Soap in the world. At the same year, Soap was the 384th most exported product in Hungary. The main destination of Soap exports from Hungary are: Romania ($4.84M), Slovakia ($1.91M), Croatia ($1.89M), Bulgaria ($1.68M), and Serbia ($1.45M).

The fastest growing export markets for Soap of Hungary between 2021 and 2022 were Bulgaria ($715k), Czechia ($355k), and Lithuania ($268k).

Imports In 2022, Hungary imported $56.5M in Soap, becoming the 41st largest importer of Soap in the world. At the same year, Soap was the 347th most imported product in Hungary. Hungary imports Soap primarily from: Poland ($16.4M), Germany ($14.5M), Czechia ($6.43M), Belgium ($3.03M), and Turkey ($2.67M).

The fastest growing import markets in Soap for Hungary between 2021 and 2022 were Slovenia ($957k), Germany ($843k), and Belgium ($494k).

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 Soap. 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)$24.7M
IMPORTS (2022)$56.5M
NET TRADE (2022)-$31.7M

In 2022, Hungary exported $24.7M in Soap. The main destinations of Hungary exports on Soap were Romania ($4.84M), Slovakia ($1.91M), Croatia ($1.89M), Bulgaria ($1.68M), and Serbia ($1.45M).

In 2022, Hungary imported $56.5M in Soap, mainly from Poland ($16.4M), Germany ($14.5M), Czechia ($6.43M), Belgium ($3.03M), and Turkey ($2.67M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soap EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Bulgaria$715k (73.7%)
Czechia$355k (40.7%)
Lithuania$268k (936%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soap BY Hungary WERE (2021 - 2022):
France-$1.29M (-75.8%)
Romania-$1.26M (-20.6%)
United Kingdom-$846k (-50.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Soap were:
In 2022, Hungary's main importing competitors in Soap were:

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Trade Value of Soap by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.73M
TOP IMPORT POTENTIALItaly+ $2.64M

Soap’s highest export potential is China. With an export gap of $1.73M.   Soap’s highest import potential is Italy with an import gap of $2.64M.

See methodology.

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