GDP$30.6BCURRENT US$Rnk 102 / 186 GDP GROWTH43.9%CURRENT US$Rnk 78 / 186
GDP$15.7BCURRENT US$Rnk 128 / 186 GDP GROWTH54.3%CURRENT US$Rnk 52 / 186 GDP PC $3,020CURRENT US$Rnk 133 / 186GDP PC GROWTH13.8%CURRENT US$Rnk 100 / 186GDP PC$2,088CURRENT US$Rnk 149 / 186GDP PC GROWTH33.4%CURRENT US$Rnk 59 / 186In N/A, Papua New Guinea did not export any services to Laos.
Laos-Papua New Guinea In N/A, Laos did not export any products to Papua New Guinea.
In N/A, Laos did not export any services to Papua New Guinea.
Comparison: In 2022, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B). That same year, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B).
Papua New Guinea does not register exports to Laos.
Laos does not register exports to Papua New Guinea.
) to Laos () (2021)) to Papua New Guinea () (2021)This map shows whether countries import more from Papua New Guinea or Laos. Each country is colored based on the difference in imports they receive from Papua New Guinea and Laos or the difference in the growth in imports.
In 2022, countries that imported more from Papua New Guinea than Laos included Japan ($4.03B), Chinese Taipei ($1.46B), and South Korea ($1.48B).
In 2022, countries that imported more from Laos than Papua New Guinea included Thailand ($3.29B), Vietnam ($978M), and Cambodia ($207M).
) and Papua New Guinea () (2022)This chart compares trade between Papua New Guinea and Laos by product, considering products traded by both, Papua New Guinea and Laos.
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.
This visualization shows the product space at the HS4 level with the flags of Papua New Guinea and Laos. This means that a dot/product with the flag of Papua New Guinea indicates it has a comparative advantage over Laos. Similarly, a dot/product with the flag of Laos indicates it has a comparative advantage over Papua New Guinea.
) and Laos () (2021)
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