Laos (LAO) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Laos-Kuwait Trade: In 2023, Laos exported $3.49M to Kuwait. The main products that Laos exported to Kuwait were Barium Sulphate ($2.73M), Leather Footwear ($187k), and Rubber Footwear ($186k). Over the past 5 years the exports of Laos to Kuwait have increased at an annualized rate of 52.2%, from $428k in 2018 to $3.49M in 2023.

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

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

In 2023, Kuwait 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, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Laos exported $3.49M to Kuwait. The main products exported from Laos to Kuwait were Barium Sulphate ($2.73M), Leather Footwear ($187k), and Rubber Footwear ($186k). During the last 5 years the exports of Laos to Kuwait have increased at an annualized rate of 52.2%, from $428k in 2018 to $3.49M in 2023.

Kuwait does not register exports to Laos.

Exports from Laos () to Kuwait () (2023)

Exports from Kuwait () to Laos () (2023)

Latest Data

Trade between Laos () and Kuwait ()

Kuwait Exports

Date

Oct 2017

Feb 2017

May 2016

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationChina$3.41B

Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from Laos than Kuwait included Thailand ($2.99B), Australia ($367M), and Cambodia ($190M).

In 2023, countries that imported more from Kuwait than Laos included China ($17.4B), India ($9.51B), and Japan ($9.13B).

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

Comparative Advantage Laos - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Laos had a large net trade with Kuwait in the exports of Mineral Products ($2.73M), Footwear and Headwear ($598k), and Machines ($75.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Kuwait+$300kTelephones

Top Product Potential Kuwait Laos+$5.27kRefined 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 Kuwait. This means that a dot/product with the flag of Laos indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over Laos.

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Kuwait () (2023)

Exports from Kuwait () to Laos () (2023)

Latest Data

Trade between Laos () and Kuwait ()

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Laos - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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