Laos (LAO) and Ireland (IRL) Trade | The Observatory of Economic Complexity

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Laos-Ireland Trade: In 2022, Laos exported $2.48M to Ireland. The main products that Laos exported to Ireland were Leather Footwear ($542k), Knit T-shirts ($430k), and Video Displays ($251k). Over the past 5 years the exports of Laos to Ireland have increased at an annualized rate of 10.8%, from $1.48M in 2017 to $2.48M in 2022.

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

Ireland-Laos Trade: In 2022, Ireland exported $1.92M to Laos. The main products that Ireland exported to Laos were Office Machine Parts ($1.76M), Animal Meal and Pellets ($97.7k), and Recovered Paper ($56.7k). Over the past 5 years the exports of Ireland to Laos have decreased at an annualized rate of 16.3%, from $4.66M in 2017 to $1.92M in 2022.

In 2022, Ireland 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, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Laos exported $2.48M to Ireland. The main products exported from Laos to Ireland were Leather Footwear ($542k), Knit T-shirts ($430k), and Video Displays ($251k). During the last 5 years the exports of Laos to Ireland have increased at an annualized rate of 10.8%, from $1.48M in 2017 to $2.48M in 2022.

In 2017, Ireland exported $1.92M to Laos. The main products exported from Ireland to Laos were Office Machine Parts ($1.76M), Animal Meal and Pellets ($97.7k), and Recovered Paper ($56.7k). During the last 5 years the exports of Ireland to Laos have decreased at an annualized rate of 16.3%, from $4.66M in 2022 to $1.92M in 2017.

Exports from Laos () to Ireland () (2022)

Exports from Ireland () to Laos () (2022)

Latest Data

Trade between Laos () and Ireland ()

Laos Exports

Date

Feb 2019

Jan 2019

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Ireland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationThailand$3.29B

Ireland
Top DestinationUnited States$70.7B

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

In 2022, countries that imported more from Laos than Ireland included Thailand ($3.29B) and Cambodia ($207M).

In 2022, countries that imported more from Ireland than Laos included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

Difference in imports from Ireland () and Laos () (2022)

Comparative Advantage Laos - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Laos had a large net trade with Ireland in the exports of Textiles ($1.01M), Footwear and Headwear ($632k), and Machines ($590k).

During 2017, Ireland had a large net trade with Laos in the exports of Machines ($1.76M), Foodstuffs ($97.7k), and Paper Goods ($56.7k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Ireland+$738kTelephones

Top Product Potential Ireland Laos+$1.37MComputers

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

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Ireland () (2022)

Exports from Ireland () to Laos () (2022)

Latest Data

Trade between Laos () and Ireland ()

Laos Exports

Ireland Exports

Market Competitiveness

Difference in imports from Ireland () and Laos () (2022)

Comparative Advantage Laos - Ireland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Laos () and Ireland () (2022)

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