2022
Flag  
GDP
$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP GROWTH
54.3%CURRENT US$
Rnk 52 / 186
2022
Flag
 GDP
$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC 
$2,088CURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 59 / 186
2022
Flag
GDP PC
$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH
3.21%CURRENT US$
Rnk 134 / 186

About

Laos-Azerbaijan Trade: In 2022, Laos exported $258k to Azerbaijan. The main products that Laos exported to Azerbaijan were Video Displays ($150k), Rubber Footwear ($36.4k), and Leather Footwear ($22.6k). Over the past 5 years the exports of Laos to Azerbaijan have increased at an annualized rate of 63.2%, from $22.3k in 2017 to $258k in 2022.

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

Azerbaijan-Laos In N/A, Azerbaijan did not export any products to Laos.

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

Comparison: In 2022,  Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Laos exported $258k to Azerbaijan. The main products exported from Laos to Azerbaijan were Video Displays ($150k), Rubber Footwear ($36.4k), and Leather Footwear ($22.6k). During the last 5 years the exports of Laos to Azerbaijan have increased at an annualized rate of 63.2%, from $22.3k in 2017 to $258k in 2022.

Azerbaijan does not register exports to Laos.

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

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

Market Competitiveness

Color
Laos
Top Destination
Thailand$3.29B
Azerbaijan
Top Destination
Italy$18.3B

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

In 2022, countries that imported more from Laos than Azerbaijan included Thailand ($3.29B), China ($2.73B), and Vietnam ($978M).

In 2022, countries that imported more from Azerbaijan than Laos included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Comparative Advantage Laos - Azerbaijan

Flow
Scale

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

During 2022, Laos had a large net trade with Azerbaijan in the exports of Machines ($157k), Footwear and Headwear ($91.7k), and Textiles ($6.48k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Laos Azerbaijan+$324kTelephones
Top Product Potential Azerbaijan Laos+$3.29kRefined Petroleum

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

Product Space of Laos (Flag) and Azerbaijan (Flag) (2022)

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