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2022
Flag → Flag
Exports $2kRnk 116 / 125
2022
Flag → Flag
Exports $2.98MRnk 129 / 205
2022
Flag → Flag
Top Product $1.54MComputers
2022
Flag
Economic Complexity (ECI) ECI -0.79Rnk 100 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP GROWTH54.3%CURRENT US$
Rnk 52 / 186
2022
Flag
 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC $2,088CURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 59 / 186
2022
Flag
GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Laos-Hungary Trade: In 2022, Laos exported $2k to Hungary. The main products that Laos exported to Hungary were N/A. Over the past 5 years the exports of Laos to Hungary have decreased at an annualized rate of 56%, from $121k in 2017 to $2k in 2022.

In 2022, Laos did not export any services to Hungary.

Hungary-Laos Trade: In 2022, Hungary exported $2.98M to Laos. The main products that Hungary exported to Laos were Computers ($1.54M), Iron Blocks ($256k), and Iron Structures ($236k). Over the past 5 years the exports of Hungary to Laos have decreased at an annualized rate of 4.82%,  from $3.82M in 2017 to $2.98M in 2022.

In 2022, Hungary did not export any services to Laos.

Comparison: In 2022,  Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Latest Data

Trade between Laos (Flag) and Hungary (Flag)

Hungary Exports

Market Competitiveness

Color
Laos
Top DestinationThailand$3.29B
Hungary
Top DestinationGermany$35.5B

This map shows whether countries import more from Laos or Hungary. Each country is colored based on the difference in imports they receive from Laos and Hungary or the difference in the growth in imports.

In 2022, countries that imported more from Laos than Hungary included Thailand ($3.29B), Vietnam ($978M), and Cambodia ($207M).

In 2022, countries that imported more from Hungary than Laos included Germany ($35.5B), Italy ($8.02B), and Romania ($7.94B).

Difference in imports from Hungary (Flag) and Laos (Flag) (2022)

Potential Exports

Potential Exports

Depth
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Top Product Potential Laos Hungary+$8.46kComputers
Top Product Potential Hungary Laos+$1.58MComputers

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Laos and Hungary. This means that a dot/product with the flag of Laos indicates it has a comparative advantage over Hungary. Similarly, a dot/product with the flag of Hungary indicates it has a comparative advantage over Laos.

Product Space of Laos (Flag) and Hungary (Flag) (NaN)

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