Flag Russia / Laos Flag

Exports Flag β†’ Flag  (2018): $53M, Rnk 119 / 187

Top Product Flag β†’ Flag (2018): $6.49M, Gas Turbines

Exports Flag β†’ Flag (2018): $15.3M, Rnk 20 / 99

Top Product Flag β†’ Flag (2018): $11.7M, Video Displays

Economic Complexity of Flag (2018): ECI 0.6, Rnk 41 / 137

Economic Complexity of Flag (2018): ECI -1.16, Rnk 116 / 137

GDP Flag (2018): $1.66T, CURRENT US$
Rnk 11 / 196

GDP GROWTH Flag (2008-2018): -0.2%, CURRENT US$
Rnk 168 / 196

GDP Flag (2018): $18B, CURRENT US$
Rnk 117 / 196

GDP GROWTH Flag (2008-2018): 230%, CURRENT US$
Rnk 2 / 196

GDP PC Flag (2018): $11,289, CURRENT US$
Rnk 69 / 196

GDP PC GROWTH Flag (2008-2018): -2.98%, CURRENT US$
Rnk 157 / 196

GDP PC Flag (2018): $2,542, CURRENT US$
Rnk 143 / 196

GDP PC GROWTH Flag (2008-2018): 182%, CURRENT US$
Rnk 2 / 196

Russia-Laos: In 2018, Russia exported $53M to Laos. The main products exported from Russia to Laos were Gas Turbines ($6.49M), Computers ($5.74M), and Postage Stamps ($2.92M). During the last 22 years the exports of Russia to Laos have increased at an annualized rate of 13.1%, from $3.57M in 1996 to $53M in 2018. In 2018, Russia exported services to Laos worth $5.4M, with Communications services ($2.9M), Construction services ($900k), and Other business services ($800k) being the largest in terms of value.

Laos-Russia: In 2018, Laos exported $15.3M to Russia. The main products exported from Laos to Russia were Video Displays ($11.7M), Knit T-shirts ($877k), and Inorganic Salts ($463k). During the last 22 years the exports of Laos to Russia have decreased at an annualized rate of 6.35%, from $64.7M in 1996 to $15.3M in 2018.

Comparison: In 2018, Russia ranked 41 in the Economic Complexity Index (ECI 0.6), and 13 in total exports ($427B). That same year, Laos ranked 116 in the Economic Complexity Index (ECI -1.16), and 112 in total exports ($5.09B). In terms of GDP Per Capita, Russia was ranked 69 with a GDP Per Capita of $11,289, and Laos was ranked 143 with a GDP Per Capita of $2,542.

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, Russia exported $53M to Laos. The main products exported from Russia to Laos were Gas Turbines ($6.49M), Computers ($5.74M), and Postage Stamps ($2.92M). During the last 22 years the exports of Russia to Laos have increased at an annualized rate of 13.1%, from $3.57M in 1996 to $53M in 2018.

In 2018, Laos exported $15.3M to Russia. The main products exported from Laos to Russia were Video Displays ($11.7M), Knit T-shirts ($877k), and Inorganic Salts ($463k). During the last 22 years the exports of Laos to Russia have decreased at an annualized rate of 6.35%, from $64.7M in 1996 to $15.3M in 2018.

Market Competitiveness

#permalink to section
Measure

Russia
Top Destination
: China, $55.2B

Laos
Top Destination
: Thailand, $2.6B

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

In 2018, countries that imported more from Russia than Laos were China ($55.2B), Netherlands ($41B), and Germany ($23.3B).

In 2018, countries that imported more from Laos than Russia were Thailand ($2.6B), Cape Verde ($10M), and Palau ($4.9k).

Comparative Advantage Russia - Laos

#permalink to section
Depth

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

During 2018, Russia had a large net trade with Laos in the exports of Machines ($31.9M), Paper Goods ($6.72M), and Metals ($5.57M).

During 2018, Laos had a large net trade with Russia in the exports of Machines ($12.2M), Textiles ($1.99M), and Footwear and Headwear ($537k).

Tariff Section

#permalink to section

This sections shows import tariffs for products traded between Russia and Laos (using the HS6 product classification and the last year reported).

In 2018, the products from Russia that paid the highest import tariffs to enter Laos were Undenatured ethyl alcohol > 80% by volume (100%) and Ethyl alcohol and other spirits, denatured (100%).

In 2018, the products from Laos that paid the highest import tariffs to enter Russia were Cabbage lettuce (head lettuce) fresh or chilled (40%) and Lettuce, fresh or chilled except cabbage lettuce (40%).

Explore Tariff Data

*The tariffs present between Russia and Laos are:
136: Most Favoured Nation duty rate treatement
351: Russian GSP for Least Developed Countries

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between Russia and Laos. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

#permalink to section

In 2018, Russia exported services to Laos worth $5.4M, with Communications services ($2.9M), Construction services ($900k), and Other business services ($800k) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Russia has comparative advantage over Laos. Similarly, the more red a dot/product is, the more Laos has comparative advantage over Russia.