Lesotho (LSO) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Lesotho-Hungary Trade: In 2023, Lesotho exported $14.3k to Hungary. The main products that Lesotho exported to Hungary were Plant foliage ($13.4k), Electrical Control Boards ($602), and Broadcasting Equipment ($184). Over the past 6 years the exports of Lesotho to Hungary have decreased at an annualized rate of 3.37%, from $17.6k in 2017 to $14.3k in 2023.

In 2023, Lesotho did not export any services to Hungary.

Hungary-Lesotho Trade: In 2023, Hungary exported $237k to Lesotho. The main products that Hungary exported to Lesotho were Broadcasting Equipment ($120k), Video Displays ($110k), and Chemical Analysis Instruments ($6.37k). Over the past 6 years the exports of Hungary to Lesotho have increased at an annualized rate of 49.9%, from $31.4k in 2017 to $237k in 2023.

In 2023, Hungary did not export any services to Lesotho.

Comparison In 2023, Lesotho ranked 158 in total exports ($1.14B), and does not have data regarding Economic Complexity Index. That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Lesotho exported $14.3k to Hungary. The main products exported from Lesotho to Hungary were Plant foliage ($13.4k), Electrical Control Boards ($602), and Broadcasting Equipment ($184). During the last 6 years the exports of Lesotho to Hungary have decreased at an annualized rate of 3.37%, from $17.6k in 2017 to $14.3k in 2023.

In 2018, Hungary exported $237k to Lesotho. The main products exported from Hungary to Lesotho were Broadcasting Equipment ($120k), Video Displays ($110k), and Chemical Analysis Instruments ($6.37k). During the last 5 years the exports of Hungary to Lesotho have increased at an annualized rate of 49.9%, from $31.4k in 2023 to $237k in 2018.

Exports from Lesotho () to Hungary () (2023)

Exports from Hungary () to Lesotho () (2023)

Latest Data

Trade between Lesotho () and Hungary ()

Lesotho Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lesotho
Top DestinationSouth Africa$351M

Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Lesotho than Hungary included South Africa ($351M) and Eswatini ($7.34M).

In 2023, countries that imported more from Hungary than Lesotho included Germany ($37.4B), Italy ($9.08B), and Romania ($8.43B).

Difference in imports from Hungary () and Lesotho () (2023)

Comparative Advantage Lesotho - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Lesotho and Hungary by product, considering products traded by both, Lesotho and Hungary.

During 2023, Lesotho had a large net trade with Hungary in the exports of Vegetable Products ($13.4k) and Machines ($948).

During 2018, Hungary had a large net trade with Lesotho in the exports of Machines ($231k), Instruments ($6.59k), and Transportation ($45).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Lesotho Hungary+$4.57kTelephones

Top Product Potential Hungary Lesotho+$19.9kTelephones

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Lesotho () to Hungary () (2023)

Exports from Hungary () to Lesotho () (2023)

Latest Data

Trade between Lesotho () and Hungary ()

Lesotho Exports

Hungary Exports

Market Competitiveness

Difference in imports from Hungary () and Lesotho () (2023)

Comparative Advantage Lesotho - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Lesotho () and Hungary () (2023)

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