Flag India / Laos Flag

Exports FlagFlag  (2018): $37.5M, Rnk 150 / 211

Top Product FlagFlag (2018): $5.23M, Electric Motor Parts

Exports FlagFlag (2018): $16.1M, Rnk 19 / 99

Top Product FlagFlag (2018): $12.2M, Gold

Economic Complexity of Flag (2018): ECI 0.57, Rnk 45 / 137

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

GDP Flag (2018): $2.72T, CURRENT US$
Rnk 7 / 196

GDP GROWTH Flag (2008-2018): 127%, CURRENT US$
Rnk 20 / 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): $2,010, CURRENT US$
Rnk 152 / 196

GDP PC GROWTH Flag (2008-2018): 101%, CURRENT US$
Rnk 16 / 196

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

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

India-Laos: In 2018, India exported $37.5M to Laos. The main products exported from India to Laos were Electric Motor Parts ($5.23M), Hydraulic Turbines ($4.71M), and Electric Generating Sets ($4.14M). During the last 23 years the exports of India to Laos have increased at an annualized rate of 23.2%, from $307k in 1995 to $37.5M in 2018.

Laos-India: In 2018, Laos exported $16.1M to India. The main products exported from Laos to India were Gold ($12.2M), Plywood ($2.51M), and Insect Resins ($392k). During the last 21 years the exports of Laos to India have increased at an annualized rate of 36.2%, from $13.3k in 1997 to $16.1M in 2018.

Comparison: In 2018, India ranked 45 in the Economic Complexity Index (ECI 0.57), and 16 in total exports ($326B). 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, India was ranked 152 with a GDP Per Capita of $2,010, and Laos was ranked 143 with a GDP Per Capita of $2,542.

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, India exported $37.5M to Laos. The main products exported from India to Laos were Electric Motor Parts ($5.23M), Hydraulic Turbines ($4.71M), and Electric Generating Sets ($4.14M). During the last 23 years the exports of India to Laos have increased at an annualized rate of 23.2%, from $307k in 1995 to $37.5M in 2018.

In 2018, Laos exported $16.1M to India. The main products exported from Laos to India were Gold ($12.2M), Plywood ($2.51M), and Insect Resins ($392k). During the last 21 years the exports of Laos to India have increased at an annualized rate of 36.2%, from $13.3k in 1997 to $16.1M in 2018.

Market Competitiveness

#permalink to section
Measure

India
Top Destination
: United States, $52B

Laos
Top Destination
: Thailand, $2.6B

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 2018, countries that imported more from India than Laos were United States ($52B), United Arab Emirates ($27.1B), and China ($16.6B).

In 2018, countries that imported more from Laos than India were Cape Verde ($10M).

Comparative Advantage India - Laos

#permalink to section
Depth

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

During 2018, India had a large net trade with Laos in the exports of Machines ($25.7M), Transportation ($4.01M), and Chemical Products ($3.27M).

During 2018, Laos had a large net trade with India in the exports of Precious Metals ($12.2M), Wood Products ($2.76M), and Vegetable Products ($659k).

Tariff Section

#permalink to section

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

In 2018, the products from India that paid the highest import tariffs to enter Laos were Grape wines, sparkling (150%) and Grape wines nes, fortified wine or must, pack < 2l (150%).

In 2018, the products from Laos that paid the highest import tariffs to enter India were Diesel powered trucks weighing < 5 tonnes (30%) and Military weapons: artillery weapons (e.g. guns, howitzers, and mortars) (30%).

Explore Tariff Data

*The tariffs present between India and Laos are:
59: ASEAN India Free Trade Area (ASEAN) Association of Southeast Asian Nations
136: Most Favoured Nation duty rate treatement
254: Preferential tariff for Least Developed Countries
343: Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement)

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between India 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.

Explore Forecasts

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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