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2023
Flag → Flag
Exports $12.8MRnk 177 / 220
2023
Flag → Flag
Top Product $4.04MPackaged Medicaments
2023
Flag → Flag
Exports $146MRnk 8 / 120
2023
Flag → Flag
Top Product $87MGold
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.89Rnk 107 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP$15.8BCURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP GROWTH32.2%CURRENT US$
Rnk 109 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$2,067CURRENT US$
Rnk 157 / 196
2013-2023
Flag
GDP PC GROWTH14%CURRENT US$
Rnk 123 / 195

About

India-Laos Trade: In 2023, India exported $12.8M to Laos. The main products that India exported to Laos were Packaged Medicaments ($4.04M), Cars ($1.33M), and Vaccines, blood, antisera, toxins and cultures ($1.29M). Over the past 5 years the exports of India to Laos have decreased at an annualized rate of 22.5%, from $45.8M in 2018 to $12.8M in 2023.

In 2023, India did not export any services to Laos.

Laos-India Trade: In 2023, Laos exported $146M to India. The main products that Laos exported to India were Gold ($87M), Copper Ore ($20.4M), and Raw Lead ($16.4M). Over the past 5 years the exports of Laos to India have increased at an annualized rate of 0.34%,  from $144M in 2018 to $146M in 2023.

In 2023, Laos did not export any services to India.

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $656k and imported $572k from Laos, resulting in a positive trade balance of $84.4k. Between November 2023 and November 2024 the exports of India have decreased by $-282k (-30.1%) from $938k to $656k, while imports decreased by $-289k (-33.6%) from $861k to $572k.

Trade In November 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 November 2024 the top imports of India from Laos were Plywood And Allied Products ($50.9k) and Other Commodities ($9.08k).

Growth In November 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 November 2024, the decrease in India's year-by-year imports  from Laos was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$-282k(-30.1%)
IMPORT GROWTH (November 2023 - November 2024)$-289k(-33.6%)

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.

For full datasets download visit Bulk Download page.

Explore Laos and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $12.8M to Laos. The main products exported from India to Laos were Packaged Medicaments ($4.04M), Cars ($1.33M), and Vaccines, blood, antisera, toxins and cultures ($1.29M). During the last 5 years the exports of India to Laos have decreased at an annualized rate of 22.5%, from $45.8M in 2018 to $12.8M in 2023.

In 2018, Laos exported $146M to India. The main products exported from Laos to India were Gold ($87M), Copper Ore ($20.4M), and Raw Lead ($16.4M). During the last 5 years the exports of Laos to India have increased at an annualized rate of 0.34%, from $144M in 2023 to $146M in 2018.

Exports from India (Flag) to Laos (Flag) (2023)

Exports from Laos (Flag) to India (Flag) (2023)

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Laos
Top DestinationChina$3.41B

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 2023, countries that imported more from India than Laos included United States ($85.5B), United Arab Emirates ($28.8B), and Germany ($15B).

In 2023, no countries were registered that imported more from Laos than from India.

Difference in imports from Laos (Flag) and India (Flag) (2023)

Comparative Advantage India - Laos

Flow
Scale

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

During 2023, India had a large net trade with Laos in the exports of Chemical Products ($6.79M), Machines ($2.38M), and Transportation ($1.59M).

During 2018, Laos had a large net trade with India in the exports of Precious Metals ($87M), Mineral Products ($20.4M), and Metals ($16.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Laos+$7.15MCars
Top Product Potential Laos India+$60.9MGold

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

Product Space of India (Flag) and Laos (Flag) (2023)

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