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Pricing

2022
Flag → Flag
Exports $299kRnk 62 / 125
2022
Flag → Flag
Top Product $113kOther Plastic Products
2022
Flag → Flag
Exports $738Rnk 61 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.79Rnk 100 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag  
GDP$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP GROWTH54.3%CURRENT US$
Rnk 52 / 186
2022
Flag
 GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC $2,088CURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 59 / 186
2022
Flag
GDP PC$10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186

About

Laos-Dominican Republic Trade: In 2022, Laos exported $299k to Dominican Republic. The main products that Laos exported to Dominican Republic were Other Plastic Products ($113k), Rubber Footwear ($106k), and Leather Footwear ($42.8k). Over the past 5 years the exports of Laos to Dominican Republic have increased at an annualized rate of 90.6%, from $11.9k in 2017 to $299k in 2022.

In 2022, Laos did not export any services to Dominican Republic.

Dominican Republic-Laos Trade: In 2022, Dominican Republic exported $738 to Laos. The main products that Dominican Republic exported to Laos were N/A. Over the past 5 years the exports of Dominican Republic to Laos have decreased at an annualized rate of 8.43%,  from $1.15k in 2017 to $738 in 2022.

In 2022, Dominican Republic 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, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Laos exported $299k to Dominican Republic. The main products exported from Laos to Dominican Republic were Other Plastic Products ($113k), Rubber Footwear ($106k), and Leather Footwear ($42.8k). During the last 5 years the exports of Laos to Dominican Republic have increased at an annualized rate of 90.6%, from $11.9k in 2017 to $299k in 2022.

In 2015, Dominican Republic exported $738 to Laos. There were not main exports from Dominican Republic to Laos in 2015. During the last 5 years the exports of Dominican Republic to Laos have decreased at an annualized rate of 8.43%, from $1.15k in 2020 to $738 in 2015.

Exports from Laos (Flag) to Dominican Republic (Flag) (2022)

Exports from Dominican Republic (Flag) to Laos (Flag) (2022)

Market Competitiveness

Color
Laos
Top DestinationThailand$3.29B
Dominican Republic
Top DestinationUnited States$6.85B

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

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

In 2022, countries that imported more from Dominican Republic than Laos included United States ($6.85B), Haiti ($1.02B), and Switzerland ($1.08B).

Difference in imports from Dominican Republic (Flag) and Laos (Flag) (2022)

Comparative Advantage Laos - Dominican Republic

Flow
Scale

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

During 2022, Laos had a large net trade with Dominican Republic in the exports of Footwear and Headwear ($175k), Plastics and Rubbers ($113k), and Textiles ($4.57k).

During 2015, Dominican Republic had a large net trade with Laos in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Laos Dominican Republic+$2.61kGold
Top Product Potential Dominican Republic Laos+$2.93kGold

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

Product Space of Laos (Flag) and Dominican Republic (Flag) (2022)

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