Bangladesh (BGD) and Laos (LAO) Trade | The Observatory of Economic Complexity

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Bangladesh-Laos Trade: In 2021, Bangladesh exported $705k to Laos. The main products that Bangladesh exported to Laos were N/A. Over the past 5 years the exports of Bangladesh to Laos have increased at an annualized rate of 37.9%, from $142k in 2016 to $705k in 2021.

In 2021, Bangladesh did not export any services to Laos.

Laos-Bangladesh In N/A, Laos did not export any products to Bangladesh.

In 2021, Laos did not export any services to Bangladesh.

Comparison: In 2023, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B). That same year, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Bangladesh exported $705k to Laos. There were not main exports from Bangladesh to Laos in 2021. During the last 5 years the exports of Bangladesh to Laos have increased at an annualized rate of 37.9%, from $142k in 2016 to $705k in 2021.

Laos does not register exports to Bangladesh.

Exports from Bangladesh () to Laos () (2021)

Exports from Laos () to Bangladesh () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Laos
Top DestinationChina$3.41B

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

In 2023, countries that imported more from Bangladesh than Laos included United States ($8.58B), Germany ($8.28B), and United Kingdom ($4.25B).

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

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

Comparative Advantage Bangladesh - Laos

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Bangladesh had a large net trade with Laos in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Laos+$3.64kNon-Knit Women's Suits

Top Product Potential Laos Bangladesh+$5.7kElectricity

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Laos () (2021)

Exports from Laos () to Bangladesh () (2021)

Market Competitiveness

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

Comparative Advantage Bangladesh - Laos

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Laos () (2021)

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