Flag Germany / Laos Flag

Exports FlagFlag  (2018): $34.7M, Rnk 154 / 216

Top Product FlagFlag (2018): $6.46M, Cars

Exports FlagFlag (2018): $108M, Rnk 5 / 99

Top Product FlagFlag (2018): $47.3M, Non-Knit Men's Suits

Economic Complexity of Flag (2018): ECI 1.9, Rnk 4 / 137

Economic Complexity of Flag (2018): ECI -1.16, Rnk 116 / 137

GDP Flag (2018): $3.95T, CURRENT US$
Rnk 4 / 196

GDP GROWTH Flag (2008-2018): 5.83%, CURRENT US$
Rnk 153 / 196

GDP Flag (2018): $18B, CURRENT US$
Rnk 117 / 196

GDP GROWTH Flag (2008-2018): 230%, CURRENT US$
Rnk 2 / 196

GDP PC Flag (2018): $47,603, CURRENT US$
Rnk 18 / 196

GDP PC GROWTH Flag (2008-2018): 4.79%, CURRENT US$
Rnk 131 / 196

GDP PC Flag (2018): $2,542, CURRENT US$
Rnk 143 / 196

GDP PC GROWTH Flag (2008-2018): 182%, CURRENT US$
Rnk 2 / 196

Germany-Laos: In 2018, Germany exported $34.7M to Laos. The main products exported from Germany to Laos were Cars ($6.46M), Electric Generating Sets ($3.96M), and Industrial Furnaces ($2.84M). During the last 23 years the exports of Germany to Laos have increased at an annualized rate of 9.79%, from $4.04M in 1995 to $34.7M in 2018.

Laos-Germany: In 2018, Laos exported $108M to Germany. The main products exported from Laos to Germany were Non-Knit Men's Suits ($47.3M), Leather Footwear ($8.91M), and Knit Sweaters ($7.99M). During the last 23 years the exports of Laos to Germany have increased at an annualized rate of 7.92%, from $18.6M in 1995 to $108M in 2018.

Comparison: In 2018, Germany ranked 4 in the Economic Complexity Index (ECI 1.9), and 2 in total exports ($1.5T). That same year, Laos ranked 116 in the Economic Complexity Index (ECI -1.16), and 112 in total exports ($5.09B). In terms of GDP Per Capita, Germany was ranked 18 with a GDP Per Capita of $47,603, and Laos was ranked 143 with a GDP Per Capita of $2,542.

Bilateral Trade by Products

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Depth
Value

In 2018, Germany exported $34.7M to Laos. The main products exported from Germany to Laos were Cars ($6.46M), Electric Generating Sets ($3.96M), and Industrial Furnaces ($2.84M). During the last 23 years the exports of Germany to Laos have increased at an annualized rate of 9.79%, from $4.04M in 1995 to $34.7M in 2018.

In 2018, Laos exported $108M to Germany. The main products exported from Laos to Germany were Non-Knit Men's Suits ($47.3M), Leather Footwear ($8.91M), and Knit Sweaters ($7.99M). During the last 23 years the exports of Laos to Germany have increased at an annualized rate of 7.92%, from $18.6M in 1995 to $108M in 2018.

Market Competitiveness

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Measure

Germany
Top Destination
: United States, $132B

Laos
Top Destination
: Thailand, $2.6B

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

In 2018, countries that imported more from Germany than Laos were United States ($132B), France ($121B), and China ($109B).

In 2018, no countries were registered that imported more from Laos than from Germany.

Comparative Advantage Germany - Laos

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Depth

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

During 2018, Germany had a large net trade with Laos in the exports of Machines ($19.1M), Transportation ($8.17M), and Metals ($1.9M).

During 2018, Laos had a large net trade with Germany in the exports of Textiles ($83.7M), Footwear and Headwear ($9.88M), and Vegetable Products ($6.77M).

Tariff Section

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This sections shows import tariffs for products traded between Germany and Laos (using the HS6 product classification and the last year reported).

In 2017, the products from Germany that paid the highest import tariffs to enter Laos were Sugars: cane sugar, raw, in solid form, other than as specified in Subheading Note 2 to this chapter, not containing added flavouring or colouring matter (87%) and Refined sugar, in solid form, nes, pure sucrose (76.8%).

In 2018, the products from Laos that paid the highest import tariffs to enter Germany were Cabbage lettuce (head lettuce) fresh or chilled (40%) and Lettuce, fresh or chilled except cabbage lettuce (40%).

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*The tariffs present between Germany and Laos are:
124: European Union GSP for Least Developed Countries
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between Germany and Laos. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Economic Complexity

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Competitive Landscape

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