Latvia-Hungary Trade: In 2022, Latvia exported $90.1M to Hungary. The main products that Latvia exported to Hungary were Refined Petroleum ($11.9M), Sawn Wood ($8.7M), and Wood Carpentry ($8.19M). Over the past 5 years the exports of Latvia to Hungary have increased at an annualized rate of 10.7%, from $54.2M in 2017 to $90.1M in 2022.
In 2020, Latvia exported services to Hungary worth $24M, with Computer and information services ($9.14M), Other business services ($6.85M), and Transportation ($5.71M) being the largest in terms of value.
Hungary-Latvia Trade: In 2022, Hungary exported $242M to Latvia. The main products that Hungary exported to Latvia were Video Displays ($61M), Low-voltage Protection Equipment ($21.9M), and Packaged Medicaments ($9.51M). Over the past 5 years the exports of Hungary to Latvia have increased at an annualized rate of 2.34%, from $215M in 2017 to $242M in 2022.
In 2020, Hungary exported services to Latvia worth $35.6M, with Travel ($24M), Transportation ($6.17M), and Communications services ($3.66M) being the largest in terms of value.
Comparison In 2022, Latvia ranked 75 in total exports ($22.9B), and does not have data regarding Economic Complexity Index. That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).