Nigeria (NGA) and Laos (LAO) Trade | The Observatory of Economic Complexity

About

In N/A, Nigeria did not export any services to Laos.

Laos-Nigeria Trade: In N/A, Laos exported $102k to Nigeria. The main products that Laos exported to Nigeria were Chlorides ($79.5k), Non-Knit Men's Suits ($15.3k), and Asbestos Fibres ($1.67k). Over the past N/A years the exports of Laos to Nigeria have decreased at an annualized rate of 0.68%, from $106k in N/A to $102k in N/A.

In N/A, Laos did not export any services to Nigeria.

Comparison: In 2023, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B). That same year, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

Nigeria does not register exports to Laos.

In 2018, Laos exported $102k to Nigeria. The main products exported from Laos to Nigeria were Chlorides ($79.5k), Non-Knit Men's Suits ($15.3k), and Asbestos Fibres ($1.67k). During the last 5 years the exports of Laos to Nigeria have decreased at an annualized rate of 0.68%, from $106k in 2023 to $102k in 2018.

Exports from Nigeria () to Laos () (2023)

Exports from Laos () to Nigeria () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationUnited States$6.29B

Laos
Top DestinationChina$3.41B

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

In 2023, countries that imported more from Nigeria than Laos included United States ($6.29B), Spain ($5.76B), and France ($4.76B).

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

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

Comparative Advantage Nigeria - Laos

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2018, Laos had a large net trade with Nigeria in the exports of Chemical Products ($79.5k), Textiles ($17.7k), and Footwear and Headwear ($1.67k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nigeria Laos+$4.27kRefined Petroleum

Top Product Potential Laos Nigeria+$26.6kNon-Knit Men's Suits

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Nigeria () to Laos () (2023)

Exports from Laos () to Nigeria () (2023)

Market Competitiveness

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

Comparative Advantage Nigeria - Laos

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring