2022
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GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
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GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
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 GDP
$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
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GDP GROWTH
54.3%CURRENT US$
Rnk 52 / 186
2022
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GDP PC 
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
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GDP PC GROWTH
-5.23%CURRENT US$
Rnk 153 / 186
2022
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GDP PC
$2,088CURRENT US$
Rnk 149 / 186
2012-2022
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GDP PC GROWTH
33.4%CURRENT US$
Rnk 59 / 186

About

Australia-Laos In 2022, Australia exported $24.7M to Laos. The main products that Australia exported to Laos are Liquid Pumps ($7.21M), Stone Processing Machines ($2.42M), and Valves ($2.02M). During the last 27 years the exports of Australia to Laos have increased at an annualized rate of 0.74%, from $20.3M in 1995 to $24.7M in 2022.

In 2022, Australia did not export any services to Laos.

Laos-Australia In 2022, Laos exported $351M to Australia. The main products that Laos exported to Australia were Gold ($338M), Leather Footwear ($2.04M), and Video Recording Equipment ($1.82M). During the last 27 years the exports of Laos to Australia have increased at an annualized rate of 35%, from $106k in 1995 to $351M in 2022.

In 2022, Laos did not export any services to Australia.

Comparison In 2022,  Australia ranked 77 in the Economic Complexity Index (ECI -0.35), and 16 in total exports ($424B). That same year, Laos ranked 95 in the Economic Complexity Index (ECI -0.83), and 106 in total exports ($9.36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Australia exported $24.7M to Laos. The main products exported from Australia to Laos were Liquid Pumps ($7.21M), Stone Processing Machines ($2.42M), and Valves ($2.02M). During the last 27 years the exports of Australia to Laos have increased at an annualized rate of 0.74%, from $20.3M in 1995 to $24.7M in 2022.

In 2022, Laos exported $351M to Australia. The main products exported from Laos to Australia were Gold ($338M), Leather Footwear ($2.04M), and Video Recording Equipment ($1.82M). During the last 27 years the exports of Laos to Australia have increased at an annualized rate of 35%, from $106k in 1995 to $351M in 2022.

Exports from Australia (Flag) to Laos (Flag) (2022)

Exports from Laos (Flag) to Australia (Flag) (2022)

Latest Data

Trade between Australia (Flag) and Laos (Flag)

Australia Exports

Laos Exports

Market Competitiveness

Color
Australia
Top Destination
China$123B
Laos
Top Destination
Thailand$3.29B

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

In 2021, countries that imported more from Australia than Laos were China ($123B), Japan ($80.1B), and South Korea ($41B).

In 2021, countries that imported more from Laos than Australia were Cambodia ($207M).

Difference in imports from Laos (Flag) and Australia (Flag) (2022)

Comparative Advantage Australia - Laos

Flow
Scale

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

During 2022, Australia had a large net trade with Laos in the exports of Machines ($17.5M), Instruments ($1.73M), and Metals ($1.34M).

During 2022, Laos had a large net trade with Australia in the exports of Precious Metals ($340M), Machines ($5.37M), and Footwear and Headwear ($2.38M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Australia has comparative advantage over Laos. Similarly, the more yellow a dot/product is, the more Laos has comparative advantage over Australia.

Product Space of Australia (Flag) and Laos (Flag) (2022)

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