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Pricing

2022
Flag → Flag
Exports $16.6MRnk 156 / 222
2022
Flag → Flag
Top Product $10.5MDiamonds
2022
Flag → Flag
Exports $32.3MRnk 21 / 125
2022
Flag → Flag
Top Product $22.3MDiamonds
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.79Rnk 100 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP GROWTH54.3%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$2,088CURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 59 / 186

About

Belgium-Laos Trade: In 2022, Belgium exported $16.6M to Laos. The main products that Belgium exported to Laos were Diamonds ($10.5M), Malt ($2.4M), and Vaccines, blood, antisera, toxins and cultures ($2.01M). Over the past 5 years the exports of Belgium to Laos have decreased at an annualized rate of 7.15%, from $24.1M in 2017 to $16.6M in 2022.

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

Laos-Belgium Trade: In 2022, Laos exported $32.3M to Belgium. The main products that Laos exported to Belgium were Diamonds ($22.3M), Rice ($5.91M), and Coffee ($3.04M). Over the past 5 years the exports of Laos to Belgium have increased at an annualized rate of 28.5%,  from $9.2M in 2017 to $32.3M in 2022.

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

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €2.81M and imported €3.66M from Laos, resulting in a negative trade balance of €854k. Between July 2023 and July 2024 the exports of Belgium have increased by €1.12M (66.4%) from €1.69M to €2.81M, while imports decreased by €-188k (-4.88%) from €3.85M to €3.66M.

Trade In July 2024, the top exports of Belgium to Laos were Precious stones, metals, & pearls (€1.1M), Cars, tractors, trucks & parts thereof. (€118k), Machinery, mechanical appliances, & parts (€16.9k), Pharmaceutical products (€13.2k), and Chemical products n.e.s. (€900). In July 2024 the top imports of Belgium from Laos were Precious stones, metals, & pearls (€1.21M), Non-knitted clothing accesories (€4.53k), and Musical instruments (€398).

Growth In July 2024, the increase in Belgium's year-by-year exports to Laos was explained primarily by an increase in product exports in Precious stones, metals, & pearls (€27.8k or 2.59%). In July 2024, the decrease in Belgium's year-by-year imports  from Laos was explained primarily by an decrease in product imports  in Non-knitted clothing accesories (€-73.6k or -94.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€1.12M(66.4%)
IMPORT GROWTH (July 2023 - July 2024)€-188k(-4.88%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Laos and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Laos and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $16.6M to Laos. The main products exported from Belgium to Laos were Diamonds ($10.5M), Malt ($2.4M), and Vaccines, blood, antisera, toxins and cultures ($2.01M). During the last 5 years the exports of Belgium to Laos have decreased at an annualized rate of 7.15%, from $24.1M in 2017 to $16.6M in 2022.

In 2017, Laos exported $32.3M to Belgium. The main products exported from Laos to Belgium were Diamonds ($22.3M), Rice ($5.91M), and Coffee ($3.04M). During the last 5 years the exports of Laos to Belgium have increased at an annualized rate of 28.5%, from $9.2M in 2022 to $32.3M in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Laos
Top DestinationThailand$3.29B

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

In 2022, countries that imported more from Belgium than Laos included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

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

Comparative Advantage Belgium - Laos

Flow
Scale

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

During 2022, Belgium had a large net trade with Laos in the exports of Precious Metals ($10.5M), Chemical Products ($2.41M), and Vegetable Products ($2.4M).

During 2017, Laos had a large net trade with Belgium in the exports of Precious Metals ($22.8M), Vegetable Products ($8.95M), and Textiles ($280k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Laos+$2.38MVaccines, blood, antisera, toxins and cultures
Top Product Potential Laos Belgium+$2.31MCoffee

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

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

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