Summary
- Share of its imports
- 4%
- Share of its imports from outside the EU
- 13.4%
- Value imported
- $5.8billion
- Rank among its suppliers
- 9th
- Products where it sells over 50%
- 5
- Products where it sells over 75%
- 2
- Dominated value
- $2billion
- Share of total imports
- 1.4%
Trend
Trend in shares
South Korea went from 1% to 4% of what Hungary buys
Share (%)
- South Korea 4%
Source: CEPII BACI
Show the numbers
| Year | Value (USD millions) | Share | Rank |
|---|---|---|---|
| 1995 | 171 | 1% | 20 |
| 1996 | 199 | 1.1% | 19 |
| 1997 | 193 | 0.86% | 21 |
| 1998 | 338 | 1.3% | 18 |
| 1999 | 401 | 1.4% | 18 |
| 2000 | 580 | 1.7% | 16 |
| 2001 | 394 | 1.1% | 21 |
| 2002 | 611 | 1.6% | 16 |
| 2003 | 878 | 1.8% | 17 |
| 2004 | 913 | 1.5% | 16 |
| 2005 | 1,184 | 1.8% | 14 |
| 2006 | 1,775 | 2.3% | 13 |
| 2007 | 2,360 | 2.6% | 12 |
| 2008 | 2,078 | 2% | 14 |
| 2009 | 2,317 | 3.1% | 11 |
| 2010 | 3,304 | 3.9% | 9 |
| 2011 | 2,175 | 2.2% | 12 |
| 2012 | 1,556 | 1.7% | 17 |
| 2013 | 2,363 | 2.4% | 12 |
| 2014 | 2,108 | 2.1% | 13 |
| 2015 | 1,660 | 1.8% | 15 |
| 2016 | 1,068 | 1.2% | 19 |
| 2017 | 1,409 | 1.4% | 17 |
| 2018 | 2,400 | 2.1% | 13 |
| 2019 | 3,140 | 2.8% | 11 |
| 2020 | 3,644 | 3.3% | 10 |
| 2021 | 4,430 | 3.3% | 9 |
| 2022 | 5,990 | 3.9% | 10 |
| 2023 | 4,440 | 3.1% | 11 |
| 2024 | 5,805 | 4% | 9 |
Products where South Korea sells more than half
| Product | Supplier | Share | Second | Value |
|---|---|---|---|---|
| Industrial fatty acids and oils | South Korea | 78.9%over 75% | Germany · 4.1% | $1.7 billion |
| Chromates, permanganates and other metal salts | South Korea | 94.3%over 75% | United States · 5.5% | $282 million |
| Knitting and embroidery machines | South Korea | 58.7% | China · 32.7% | $1 million |
| Boron oxides and boric acid | South Korea | 50.1% | Italy · 20.7% | $1 million |
| Original engravings, prints and lithographs | South Korea | 67.8% | United Kingdom · 12% | $893 thousand |
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?
- South Korea sells 6.3% of what the world exports of industrial fatty acids and oils; next come China (13.9%), Germany (11.9%) and United States (10.2%). The rest of the world exported 45.1 times what Hungary buys from South Korea.
- South Korea sells 48.4% of what the world exports of chromates, permanganates and other metal salts; next come China (26.6%), Japan (10.6%) and United States (2.5%). The rest of the world exported 12.1 times what Hungary buys from South Korea.
- South Korea sells 0.99% of what the world exports of knitting and embroidery machines; next come China (56.2%), Japan (13.9%) and Germany (9.4%). The rest of the world exported 1,677.8 times what Hungary buys from South Korea.
- South Korea sells 0.24% of what the world exports of boron oxides and boric acid; next come United States (31.1%), Turkey (27.3%) and Chile (11.6%). The rest of the world exported 535.1 times what Hungary buys from South Korea.
- South Korea sells 1.2% of what the world exports of original engravings, prints and lithographs; next come United States (27.6%), United Kingdom (21.5%) and France (10.2%). The rest of the world exported 557.1 times what Hungary buys from South Korea.
Exports from the rest of the world already have buyers; the figure shows scale, not availability.
Seen from South Korea
Hungary is South Korea’s 23rd-largest customer, with 0.76% of its exports.
Sources and method
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- Natural Earth · Public domain
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.