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2022
Flag → Flag
Exports $16.9MRnk 175 / 217
2022
Flag → Flag
Top Product $6.52MCars
2022
Flag → Flag
Exports $57.5MRnk 17 / 125
2022
Flag → Flag
Top Product $42.4MGold
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.79Rnk 100 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP GROWTH54.3%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$2,088CURRENT US$
Rnk 149 / 186
2012-2022
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GDP PC GROWTH33.4%CURRENT US$
Rnk 59 / 186

About

India-Laos Trade: In 2022, India exported $16.9M to Laos. The main products that India exported to Laos were Cars ($6.52M), Packaged Medicaments ($3M), and Vaccines, blood, antisera, toxins and cultures ($2.29M). Over the past 5 years the exports of India to Laos have decreased at an annualized rate of 18.4%, from $46.8M in 2017 to $16.9M in 2022.

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

Laos-India Trade: 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). Over the past 5 years the exports of Laos to India have decreased at an annualized rate of 10.3%,  from $405M in 2017 to $57.5M in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B).

Latest Trends

August, 2024

About

Overview In August 2024, India exported $940k and imported $650k from Laos, resulting in a positive trade balance of $290k. Between August 2023 and August 2024 the exports of India have increased by $41.4k (4.61%) from $898k to $940k, while imports increased by $230k (54.9%) from $419k to $650k.

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

Growth In August 2024, the increase in India's year-by-year exports to Laos was explained primarily by an increase in product exports in Drug Formulations, Biologicals ($376k or 220%), Bulk Drugs, Drug Intermediates ($326k or 665%), and Electric Machinery And Equipme ($221k or 52.1k%). In August 2024, the increase in India's year-by-year imports  from Laos was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$41.4k(4.61%)
IMPORT GROWTH (August 2023 - August 2024)$230k(54.9%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

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 5 years the exports of India to Laos have decreased at an annualized rate of 18.4%, from $46.8M in 2017 to $16.9M in 2022.

In 2017, 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 5 years the exports of Laos to India have decreased at an annualized rate of 10.3%, from $405M in 2022 to $57.5M in 2017.

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

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

Market Competitiveness

Color
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 2022, countries that imported more from India than Laos included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, no countries were registered that imported more from Laos than from India.

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

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 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 2017, Laos had a large net trade with India in the exports of Precious Metals ($56.3M), Vegetable Products ($654k), and Wood Products ($318k).

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) (2022)

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