Laos (LAO) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Laos-Georgia Trade: In 2023, Laos exported $2.1k to Georgia. The main products that Laos exported to Georgia were Office Machine Parts ($2.1k). Over the past 19 years the exports of Laos to Georgia have decreased at an annualized rate of 17.5%, from $82k in 2004 to $2.1k in 2023.

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

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

In 2023, Georgia 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, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Laos exported $2.1k to Georgia. The main products exported from Laos to Georgia were Office Machine Parts ($2.1k). During the last 19 years the exports of Laos to Georgia have decreased at an annualized rate of 17.5%, from $82k in 2004 to $2.1k in 2023.

Georgia does not register exports to Laos. The main products exported from Georgia to Laos were Wine ($140k).

Exports from Laos () to Georgia () (2023)

Exports from Georgia () to Laos () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationChina$3.41B

Georgia
Top DestinationAzerbaijan$828M

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

In 2023, countries that imported more from Laos than Georgia included China ($3.41B), Thailand ($2.99B), and Australia ($367M).

In 2023, countries that imported more from Georgia than Laos included Azerbaijan ($828M), Turkey ($733M), and Armenia ($712M).

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

Comparative Advantage Laos - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Laos had a large net trade with Georgia in the exports of Machines ($2.1k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Georgia+$2.64kElectricity

Top Product Potential Georgia Laos+$2.33kRefined 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Georgia () (2023)

Exports from Georgia () to Laos () (2023)

Market Competitiveness

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

Comparative Advantage Laos - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Laos () and Georgia () (2023)

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