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

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Laos-Hungary Trade: In 2023, Laos exported $164k to Hungary. The main products that Laos exported to Hungary were Industrial Fatty Acids, Oils and Alcohols ($153k), Coffee ($9.04k), and Non-Knit Women's Suits ($404). Over the past 5 years the exports of Laos to Hungary have decreased at an annualized rate of 5.27%, from $215k in 2018 to $164k in 2023.

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

Hungary-Laos Trade: In 2023, Hungary exported $90.8k to Laos. The main products that Hungary exported to Laos were Electric Motor Parts ($47.8k), Medical Instruments ($11.3k), and Utility Meters ($7.56k). Over the past 5 years the exports of Hungary to Laos have decreased at an annualized rate of 32%, from $9.22M in 2018 to $90.8k in 2023.

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

Comparison: In 2023, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B). 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, Laos exported $164k to Hungary. The main products exported from Laos to Hungary were Industrial Fatty Acids, Oils and Alcohols ($153k), Coffee ($9.04k), and Non-Knit Women's Suits ($404). During the last 5 years the exports of Laos to Hungary have decreased at an annualized rate of 5.27%, from $215k in 2018 to $164k in 2023.

In 2018, Hungary exported $90.8k to Laos. The main products exported from Hungary to Laos were Electric Motor Parts ($47.8k), Medical Instruments ($11.3k), and Utility Meters ($7.56k). During the last 5 years the exports of Hungary to Laos have decreased at an annualized rate of 32%, from $9.22M in 2023 to $90.8k in 2018.

Exports from Laos () to Hungary () (2023)

Exports from Hungary () to Laos () (2023)

Latest Data

Trade between Laos () and Hungary ()

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationChina$3.41B

Hungary
Top DestinationGermany$37.4B

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 2023, countries that imported more from Laos than Hungary included Thailand ($2.99B), Cambodia ($190M), and China ($3.41B).

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

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

Comparative Advantage Laos - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Laos had a large net trade with Hungary in the exports of Chemical Products ($153k), Vegetable Products ($9.04k), and Textiles ($1.18k).

During 2018, Hungary had a large net trade with Laos in the exports of Machines ($61.9k), Instruments ($22.6k), and Foodstuffs ($4.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Hungary+$8.46kComputers

Top Product Potential Hungary Laos+N/AN/A

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 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.

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Hungary () (2023)

Exports from Hungary () to Laos () (2023)

Latest Data

Trade between Laos () and Hungary ()

Hungary Exports

Market Competitiveness

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

Comparative Advantage Laos - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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