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Where does Hungary get its crude oil? Import sources 2024

In 2024, Hungary imported $2.9 billion of crude oil (5.5 million tonnes), 0.2% of the world total. Russia sold 80% of the total, followed by Slovakia (13%) and Croatia (7%). Hungary was the world’s 41st-largest importer of crude oil.

Summary

Value
$2.9billion
Tonnes
5.5million tonnes
Share of world total
0.2%
World rank
41st
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 9 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Russia2.3Tonnes: 4,561,540USD per tonne: $50480.3%Sea
Slovakia0.37Tonnes: 427,816USD per tonne: $86212.9%Land
Croatia0.19Tonnes: 524,870USD per tonne: $3706.8%Land
Slovenia< 0.01Tonnes: 79USD per tonne: $9100%Land
Austria< 0.01Tonnes: 0USD per tonne: $27,1000%Land
Italy< 0.01Tonnes: 4USD per tonne: $9460%Sea
France< 0.01Tonnes: 2USD per tonne: $6820%Sea
Canada< 0.01Tonnes: 0USD per tonne: $1,1000%Sea
Nigeria< 0.01Tonnes: 0USD per tonne: $3000%Sea

Trend

Who it buys from

Russia was its main source throughout the period

Value in USD billions. The five largest sources in 2024.

  • Russia 2.3
  • Slovakia 0.37
  • Croatia 0.19
  • Slovenia < 0.01
  • Austria < 0.01

Source: CEPII BACI

Show the numbers
Partner19952024
Russia0.642.3
Slovakia00.37
Croatia00.19
Slovenia0< 0.01
Austria0< 0.01

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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