2023
Flag  
GDP
$551BCURRENT US$
Rnk 25 / 195
2013-2023
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GDP GROWTH
127%CURRENT US$
Rnk 7 / 195
2023
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 GDP
$15.8BCURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP GROWTH
32.2%CURRENT US$
Rnk 109 / 195
2023
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GDP PC 
$103,888CURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP PC GROWTH
97.4%CURRENT US$
Rnk 9 / 195
2023
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GDP PC
$2,067CURRENT US$
Rnk 157 / 196
2013-2023
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GDP PC GROWTH
14%CURRENT US$
Rnk 123 / 195

About

Ireland-Laos Trade: In 2023, Ireland exported $494k to Laos. The main products that Ireland exported to Laos were Recovered Paper ($198k), Animal Meal and Pellets ($120k), and Video and Card Games ($91k). Over the past 5 years the exports of Ireland to Laos have decreased at an annualized rate of 29.2%, from $2.77M in 2018 to $494k in 2023.

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

Laos-Ireland Trade: In 2023, Laos exported $3.19M to Ireland. The main products that Laos exported to Ireland were Knit T-shirts ($595k), Leather Footwear ($410k), and Knit Men's Suits ($353k). Over the past 5 years the exports of Laos to Ireland have increased at an annualized rate of 25.6%,  from $1.02M in 2018 to $3.19M in 2023.

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

Comparison: In 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). That same year, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ireland exported $494k to Laos. The main products exported from Ireland to Laos were Recovered Paper ($198k), Animal Meal and Pellets ($120k), and Video and Card Games ($91k). During the last 5 years the exports of Ireland to Laos have decreased at an annualized rate of 29.2%, from $2.77M in 2018 to $494k in 2023.

In 2018, Laos exported $3.19M to Ireland. The main products exported from Laos to Ireland were Knit T-shirts ($595k), Leather Footwear ($410k), and Knit Men's Suits ($353k). During the last 5 years the exports of Laos to Ireland have increased at an annualized rate of 25.6%, from $1.02M in 2023 to $3.19M in 2018.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$67.4B
Laos
Top Destination
China$3.41B

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

In 2023, countries that imported more from Ireland than Laos included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

In 2023, countries that imported more from Laos than Ireland included Thailand ($2.99B) and Cambodia ($190M).

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

Comparative Advantage Ireland - Laos

Flow
Scale

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

During 2023, Ireland had a large net trade with Laos in the exports of Paper Goods ($198k), Foodstuffs ($120k), and Miscellaneous ($96.4k).

During 2018, Laos had a large net trade with Ireland in the exports of Textiles ($1.57M), Machines ($614k), and Footwear and Headwear ($483k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Laos+$1.37MComputers
Top Product Potential Laos Ireland+$738kTelephones

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

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

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