Australia (AUS) and Laos (LAO) Trade | The Observatory of Economic Complexity

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Australia-Laos Trade: In 2022, Australia exported $24.7M to Laos. The main products that Australia exported to Laos were Liquid Pumps ($7.21M), Stone Processing Machines ($2.42M), and Valves ($2.02M). Over the past 5 years the exports of Australia to Laos have increased at an annualized rate of 2.59%, from $21.7M in 2017 to $24.7M in 2022.

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

Laos-Australia Trade: 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). Over the past 5 years the exports of Laos to Australia have increased at an annualized rate of 55.7%, from $10.2M in 2017 to $351M in 2022.

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

Comparison: In 2022, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). 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, 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 5 years the exports of Australia to Laos have increased at an annualized rate of 2.59%, from $21.7M in 2017 to $24.7M in 2022.

In 2017, 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 5 years the exports of Laos to Australia have increased at an annualized rate of 55.7%, from $10.2M in 2022 to $351M in 2017.

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

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

Latest Data

Trade between Australia () and Laos ()

Australia Exports

Date

Laos Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationChina$123B

Laos
Top DestinationThailand$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 2022, countries that imported more from Australia than Laos included China ($123B), Japan ($80.1B), and South Korea ($41B).

In 2022, countries that imported more from Laos than Australia included Cambodia ($207M).

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

Comparative Advantage Australia - Laos

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2017, Laos had a large net trade with Australia in the exports of Precious Metals ($340M), Machines ($5.37M), and Footwear and Headwear ($2.38M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Australia Laos+$302kExcavation Machinery

Top Product Potential Laos Australia+$4.22MTelephones

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Australia () and Laos ()

Australia Exports

Laos Exports

Market Competitiveness

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

Comparative Advantage Australia - Laos

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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