Laos (LAO) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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Laos-Singapore Trade: In 2023, Laos exported $27.8M to Singapore. The main products that Laos exported to Singapore were Other Glass Articles ($13.1M), Electricity ($10.6M), and Broadcasting Equipment ($2.07M). Over the past 5 years the exports of Laos to Singapore have increased at an annualized rate of 24.6%, from $9.23M in 2018 to $27.8M in 2023.

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

Singapore-Laos Trade: In 2023, Singapore exported $66.2M to Laos. The main products that Singapore exported to Laos were Broadcasting Equipment ($16.1M), Scented Mixtures ($11M), and Prepared Pigments ($7.31M). Over the past 5 years the exports of Singapore to Laos have increased at an annualized rate of 1.3%, from $62M in 2018 to $66.2M in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Laos exported $27.8M to Singapore. The main products exported from Laos to Singapore were Other Glass Articles ($13.1M), Electricity ($10.6M), and Broadcasting Equipment ($2.07M). During the last 5 years the exports of Laos to Singapore have increased at an annualized rate of 24.6%, from $9.23M in 2018 to $27.8M in 2023.

In 2018, Singapore exported $66.2M to Laos. The main products exported from Singapore to Laos were Broadcasting Equipment ($16.1M), Scented Mixtures ($11M), and Prepared Pigments ($7.31M). During the last 5 years the exports of Singapore to Laos have increased at an annualized rate of 1.3%, from $62M in 2023 to $66.2M in 2018.

Exports from Laos () to Singapore () (2023)

Exports from Singapore () to Laos () (2023)

Latest Data

Trade between Laos () and Singapore ()

Laos Exports

Date

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationChina$3.41B

Singapore
Top DestinationHong Kong$44.5B

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

In 2023, no countries were registered that imported more from Laos than from Singapore.

In 2023, countries that imported more from Singapore than Laos included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

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

Comparative Advantage Laos - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Laos had a large net trade with Singapore in the exports of Stone And Glass ($13.1M), Mineral Products ($10.6M), and Machines ($3.14M).

During 2018, Singapore had a large net trade with Laos in the exports of Machines ($27.6M), Chemical Products ($21.1M), and Transportation ($7.63M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Singapore+$15.7MGold

Top Product Potential Singapore Laos+$5.3MRefined 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 Singapore. This means that a dot/product with the flag of Laos indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Laos.

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Singapore () (2023)

Exports from Singapore () to Laos () (2023)

Latest Data

Trade between Laos () and Singapore ()

Laos Exports

Singapore Exports

Market Competitiveness

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

Comparative Advantage Laos - Singapore

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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