India (IND) and Laos (LAO) Trade | The Observatory of Economic Complexity

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India-Laos In 2022, India exported $16.9M to Laos. The main products that India exported to Laos are Cars ($6.52M), Packaged Medicaments ($3M), and Vaccines, blood, antisera, toxins and cultures ($2.29M). During the last 27 years the exports of India to Laos have increased at an annualized rate of 16%, from $308k in 1995 to $16.9M in 2022.

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

Laos-India In 2022, Laos exported $57.5M to India. The main products that Laos exported to India were Gold ($42.4M), Silver ($14M), and Coffee ($343k). During the last 27 years the exports of Laos to India have increased at an annualized rate of 36.3%, from $13.3k in 1995 to $57.5M in 2022.

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

Comparison In 2022, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). That same year, Laos ranked 95 in the Economic Complexity Index (ECI -0.83), and 106 in total exports ($9.36B).

Latest Trends

January, 2024

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Overview In January 2024, India exported $1.3M and imported $5.71M from Laos, resulting in a negative trade balance of $4.41M. Between January 2023 and January 2024 the exports of India have decreased by $-675k (-34.2%) from $1.97M to $1.3M, while imports increased by $5.65M (9.42k%) from $59.9k to $5.71M.

Trade In January 2024, the top exports of India to Laos were Drug Formulations, Biologicals ($548k), Electronics Components ($520k), Bulk Drugs, Drug Intermediates ($375k), Electric Machinery And Equipme ($221k), and Finished Leather ($172k). In January 2024 the top imports of India from Laos were Plywood And Allied Products ($50.9k) and Other Commodities ($9.08k).

Growth In January 2024, the decrease in India's year-by-year exports to Laos was explained primarily by an decrease in product exports in Residul Chemicl And Alled Prod ($-6.03k or -96.4%), Indl. Machnry For Dairy Etc ($-2.03k or -91.6%), and Othr Rubber Prodct Excpt Footw ($-74 or -94.9%). In January 2024, the increase in India's year-by-year imports from Laos was explained primarily by an increase in product imports in .

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-675k(-34.2%)

IMPORT GROWTH (January 2023 - January 2024)$5.65M(9.42k%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $16.9M to Laos. The main products exported from India to Laos were Cars ($6.52M), Packaged Medicaments ($3M), and Vaccines, blood, antisera, toxins and cultures ($2.29M). During the last 27 years the exports of India to Laos have increased at an annualized rate of 16%, from $308k in 1995 to $16.9M in 2022.

In 2022, Laos exported $57.5M to India. The main products exported from Laos to India were Gold ($42.4M), Silver ($14M), and Coffee ($343k). During the last 25 years the exports of Laos to India have increased at an annualized rate of 36.3%, from $13.3k in 1997 to $57.5M in 2022.

Exports from India () to Laos () (2022)

Exports from Laos () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Laos
Top DestinationThailand$3.29B

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

In 2021, countries that imported more from India than Laos were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2019, no countries were registered that imported more from Laos than from India.

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

Comparative Advantage India - Laos

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Laos in the exports of Transportation ($6.68M), Chemical Products ($5.85M), and Machines ($1.44M).

During 2022, Laos had a large net trade with India in the exports of Precious Metals ($56.3M), Vegetable Products ($654k), and Wood Products ($318k).

Economic Complexity

Competitive Landscape

Year

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 India has comparative advantage over Laos. Similarly, the more yellow a dot/product is, the more Laos has comparative advantage over India.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from India () to Laos () (2022)

Exports from Laos () to India () (2022)

Market Competitiveness

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

Comparative Advantage India - Laos

Economic Complexity

Competitive Landscape

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

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