Hungary (HUN) and Laos (LAO) Trade | The Observatory of Economic Complexity

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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.

Laos-Hungary Trade: In 2022, Laos exported $2k to Hungary. The main products that Laos exported to Hungary were Computers ($1.4k), Trunks and Cases ($232), and Beauty Products ($185). 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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hungary exported $2.98M to Laos. The main products exported from Hungary to Laos were Computers ($1.54M), Iron Blocks ($256k), and Iron Structures ($236k). During the last 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 2017, Laos exported $2k to Hungary. The main products exported from Laos to Hungary were Computers ($1.4k), Trunks and Cases ($232), and Beauty Products ($185). During the last 5 years the exports of Laos to Hungary have decreased at an annualized rate of 56%, from $121k in 2022 to $2k in 2017.

Exports from Hungary () to Laos () (2022)

Exports from Laos () to Hungary () (2022)

Latest Data

Trade between Hungary () and Laos ()

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$35.5B

Laos
Top DestinationThailand$3.29B

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

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

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

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

Comparative Advantage Hungary - Laos

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hungary had a large net trade with Laos in the exports of Machines ($1.91M), Metals ($588k), and Plastics and Rubbers ($297k).

During 2017, Laos had a large net trade with Hungary in the exports of Machines ($1.41k), Chemical Products ($248), and Animal Hides ($232).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Laos+$1.58MComputers

Top Product Potential Laos Hungary+$8.46kComputers

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 Hungary and Laos. This means that a dot/product with the flag of Hungary indicates it has a comparative advantage over Laos. Similarly, a dot/product with the flag of Laos indicates it has a comparative advantage over Hungary.

About

Historical Data

Bilateral Trade by Products

Exports from Hungary () to Laos () (2022)

Exports from Laos () to Hungary () (2022)

Latest Data

Trade between Hungary () and Laos ()

Hungary Exports

Market Competitiveness

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

Comparative Advantage Hungary - Laos

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hungary () and Laos () (2022)

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