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Pricing

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Flag → Flag
Top Product $48.8MVideo Displays
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Flag → Flag
Exports $89.9MRnk 28 / 198
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Flag → Flag
Top Product $33.3MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132

About

In N/A, Hungary did not export any services to Latvia.

Latvia-Hungary Trade: In N/A, Latvia exported $89.9M to Hungary. The main products that Latvia exported to Hungary were Refined Petroleum ($33.3M), Plywood ($5.3M), and Wood Carpentry ($4.64M). Over the past N/A years the exports of Latvia to Hungary have decreased at an annualized rate of 0.39%,  from $91.6M in N/A to $89.9M in N/A.

In N/A, Latvia did not export any services to Hungary.

Comparison In 2023,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.41),  and N/A in total exports (N/A). That same year, Latvia ranked N/A in total exports (N/A), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

Hungary does not register exports to Latvia. The main products exported from Hungary to Latvia were Video Displays ($48.8M), Low-voltage Protection Equipment ($20.9M), and Packaged Medicaments ($11.4M).

In 2018, Latvia exported $89.9M to Hungary. The main products exported from Latvia to Hungary were Refined Petroleum ($33.3M), Plywood ($5.3M), and Wood Carpentry ($4.64M). During the last 5 years the exports of Latvia to Hungary have decreased at an annualized rate of 0.39%, from $91.6M in 2023 to $89.9M in 2018.

Exports from Hungary (Flag) to Latvia (Flag) (2023)

Exports from Latvia (Flag) to Hungary (Flag) (2023)

Latest Data

Trade between Hungary (Flag) and Latvia (Flag)

Hungary Exports

Comparative Advantage Hungary - Latvia

Flow
Scale

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

During 2018, Latvia had a large net trade with Hungary in the exports of N/A.

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Latvia+$6.76MPackaged Medicaments
Top Product Potential Latvia Hungary+$4.44MTelephones

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

Product Space of Hungary (Flag) and Latvia (Flag) (2023)

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