Laos (LAO) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

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Laos-Vietnam Trade: In 2022, Laos exported $978M to Vietnam. The main products that Laos exported to Vietnam were Rubber ($212M), Electricity ($134M), and Sawn Wood ($122M). Over the past 5 years the exports of Laos to Vietnam have increased at an annualized rate of 3.68%, from $816M in 2017 to $978M in 2022.

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

Vietnam-Laos Trade: In 2022, Vietnam exported $650M to Laos. The main products that Vietnam exported to Laos were Refined Petroleum ($126M), Other Fruits ($43.6M), and Motorcycles and cycles ($26.2M). Over the past 5 years the exports of Vietnam to Laos have increased at an annualized rate of 3.58%, from $545M in 2017 to $650M in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Laos exported $978M to Vietnam. The main products exported from Laos to Vietnam were Rubber ($212M), Electricity ($134M), and Sawn Wood ($122M). During the last 5 years the exports of Laos to Vietnam have increased at an annualized rate of 3.68%, from $816M in 2017 to $978M in 2022.

In 2017, Vietnam exported $650M to Laos. The main products exported from Vietnam to Laos were Refined Petroleum ($126M), Other Fruits ($43.6M), and Motorcycles and cycles ($26.2M). During the last 5 years the exports of Vietnam to Laos have increased at an annualized rate of 3.58%, from $545M in 2022 to $650M in 2017.

Exports from Laos () to Vietnam () (2022)

Exports from Vietnam () to Laos () (2022)

Latest Data

Trade between Laos () and Vietnam ()

Laos Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationThailand$3.29B

Vietnam
Top DestinationUnited States$117B

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

In 2022, no countries were registered that imported more from Laos than from Vietnam.

In 2022, countries that imported more from Vietnam than Laos included United States ($117B), China ($58.7B), and South Korea ($25.2B).

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

Comparative Advantage Laos - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Laos had a large net trade with Vietnam in the exports of Mineral Products ($240M), Plastics and Rubbers ($234M), and Vegetable Products ($196M).

During 2017, Vietnam had a large net trade with Laos in the exports of Mineral Products ($143M), Metals ($111M), and Vegetable Products ($78.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Vietnam+$19.4MCassava

Top Product Potential Vietnam Laos+$28.2MTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Vietnam () (2022)

Exports from Vietnam () to Laos () (2022)

Latest Data

Trade between Laos () and Vietnam ()

Laos Exports

Market Competitiveness

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

Comparative Advantage Laos - Vietnam

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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