Laos (LAO) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

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Laos-Bangladesh Trade: In 2021, Laos exported $22.2M to Bangladesh. The main products that Laos exported to Bangladesh were N/A. Over the past 7 years the exports of Laos to Bangladesh have increased at an annualized rate of 109%, from $126k in 2014 to $22.2M in 2021.

In 2021, Laos did not export any services to Bangladesh.

Bangladesh-Laos Trade: In 2021, Bangladesh exported $705k to Laos. The main products that Bangladesh exported to Laos were N/A. Over the past 7 years the exports of Bangladesh to Laos have increased at an annualized rate of 37.9%, from $142k in 2014 to $705k in 2021.

In 2021, Bangladesh did not export any services to Laos.

Comparison: In 2023, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B). That same year, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Laos exported $22.2M to Bangladesh. There were not main exports from Laos to Bangladesh in 2021. During the last 7 years the exports of Laos to Bangladesh have increased at an annualized rate of 109%, from $126k in 2014 to $22.2M in 2021.

In 2016, Bangladesh exported $705k to Laos. There were not main exports from Bangladesh to Laos in 2016. During the last 5 years the exports of Bangladesh to Laos have increased at an annualized rate of 37.9%, from $142k in 2021 to $705k in 2016.

Exports from Laos () to Bangladesh () (2021)

Exports from Bangladesh () to Laos () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationChina$3.41B

Bangladesh
Top DestinationUnited States$8.58B

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

In 2023, countries that imported more from Laos than Bangladesh included Thailand ($2.99B), China ($3.41B), and Cambodia ($190M).

In 2023, countries that imported more from Bangladesh than Laos included United States ($8.58B), Germany ($8.28B), and United Kingdom ($4.25B).

Difference in imports from Bangladesh () and Laos () (2023)

Comparative Advantage Laos - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Laos had a large net trade with Bangladesh in the exports of .

During 2016, Bangladesh had a large net trade with Laos in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Bangladesh+$5.7kElectricity

Top Product Potential Bangladesh Laos+$3.64kNon-Knit Women's Suits

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

Year

This visualization shows the product space at the HS4 level with the flags of Laos and Bangladesh. This means that a dot/product with the flag of Laos indicates it has a comparative advantage over Bangladesh. Similarly, a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Laos.

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Historical Data

Bilateral Trade by Products

Exports from Laos () to Bangladesh () (2021)

Exports from Bangladesh () to Laos () (2021)

Market Competitiveness

Difference in imports from Bangladesh () and Laos () (2023)

Comparative Advantage Laos - Bangladesh

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Laos () and Bangladesh () (2021)

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