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How dependent is Hungary on Russia?

In 2024, Russia sold $5.5 billion to Hungary, 3.8% of its imports, ranking 10th among its suppliers. Its share was 3.9% in 2019 and 10.6% in 1995. In 6 products it sells more than 50% of what Hungary buys of them (in 4, more than 75%); what Hungary buys from Russia in those products (dominated value) adds up to $5.5 billion, 3.8% of its imports.

Summary

Share of its imports
3.8%
Share of its imports from outside the EU
12.8%
Value imported
$5.5billion
Rank among its suppliers
10th
Products where it sells over 50%
6
Products where it sells over 75%
4
Dominated value
$5.5billion
Share of total imports
3.8%

Trend

Trend in shares

Russia went from 10.6% to 3.8% of what Hungary buys

Share (%)

  • Russia 3.8%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
19951,75410.6%2
19962,07211.7%2
19971,9908.9%3
19981,5825.9%4
19991,5495.4%4
20002,5977.8%2
20012,4657.1%4
20022,2355.8%4
20032,9856%5
20043,2965.4%4
20054,8747.6%2
20066,5428.6%2
20076,4837%2
200810,1819.7%2
20095,9667.9%2
20106,8678.1%3
20118,6408.8%2
20127,9818.7%2
20138,4878.6%2
20147,0886.9%2
20153,7254.1%10
20162,6372.9%11
20173,6613.6%10
20184,6654.1%9
20194,4353.9%9
20202,5222.3%12
20214,1263.1%11
20229,6426.3%5
20236,2014.3%8
20245,5343.8%10

Products where Russia sells more than half

ProductSupplierShareSecondValue
Natural gas and LPGRussia77.3%over 75%Serbia · 8.2%$3 billion
Crude petroleumRussia80.3%over 75%Slovakia · 12.9%$2.3 billion
Nuclear reactors and fuelRussia97.7%over 75%Czechia · 2.3%$135 million
Open-chain hydrocarbonsRussia66.4%Slovakia · 8.9%$45 million
Semi-finished steelRussia72.1%Ukraine · 14.7%$45 million
Passenger rail coachesRussia100%over 75%—$21 million

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Are there other suppliers in the world?

Exports from the rest of the world already have buyers; the figure shows scale, not availability.

Seen from Russia

Hungary is Russia’s 12th-largest customer, with 1.5% of its exports.

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.