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2021
Flag → Flag
Exports $36MRnk 21 / 0
2021
Flag → Flag
Exports $11.8MRnk 57 / 0
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.89Rnk 107 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
Flag
 GDP$15.8BCURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP GROWTH32.2%CURRENT US$
Rnk 109 / 195
2023
Flag
GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC$2,067CURRENT US$
Rnk 157 / 196
2013-2023
Flag
GDP PC GROWTH14%CURRENT US$
Rnk 123 / 195

About

Russia-Laos Trade: In 2021, Russia exported $36M to Laos. The main products that Russia exported to Laos were N/A. Over the past 5 years the exports of Russia to Laos have increased at an annualized rate of 19.1%, from $15M in 2016 to $36M in 2021.

In 2020, Russia exported services to Laos worth $640k, with Transportation ($320k), Other business services ($230k), and Insurance services ($37k) being the largest in terms of value.

Laos-Russia Trade: In 2021, Laos exported $11.8M to Russia. The main products that Laos exported to Russia were N/A. Over the past 5 years the exports of Laos to Russia have decreased at an annualized rate of 15.9%,  from $27.9M in 2016 to $11.8M in 2021.

In 2021, Laos did not export any services to Russia.

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $210k and imported $1.65M from Laos, resulting in a negative trade balance of $1.44M. Between January 2021 and January 2022 the exports of Russia have increased by $38k (22.1%) from $172k to $210k, while imports increased by $1.38M (516%) from $267k to $1.65M.

Trade In January 2022, the top exports of Russia to Laos were Prefabricated Buildings ($104k), Ink ($59.3k), Print Production Machinery ($6.96k), and Hair Products ($1.52k). In January 2022 the top imports of Russia from Laos were Telephones ($93.6k), Textile Footwear ($71.1k), Leather Footwear ($49.9k), Rubber Footwear ($20.5k), and Knit Men's Suits ($8.39k).

Origins In January 2022 the exports of Russia were mainly from NIZHNY NOVGOROD REGION ($172k) and MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($38.1k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($1.27M), ST. PETERSBURG ($372k), PERM TERRITORY ($3.35k), KALININGRAD REGION ($924), and LENINGRAD REGION ($216).

Growth In January 2022, the increase in Russia's year-by-year exports to Laos was explained primarily by an increase in product exports in . In January 2022, the increase in Russia's year-by-year imports  from Laos was explained primarily by an increase in product imports  in Textile Footwear ($65k or 1.06k%), Leather Footwear ($46.6k or 1.38k%), and Knit Men's Suits ($7.8k or 1.33k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$38k(22.1%)
IMPORT GROWTH (January 2021 - January 2022)$1.38M(516%)
MAIN EXPORTER (January 2022)NIZHNY NOVGOROD REGION$172k

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Laos and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Laos and Russia Data

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Historical Data

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Laos
Top DestinationChina$3.41B

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 2023, countries that imported more from Russia than Laos included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Laos than Russia included Thailand ($2.99B), Australia ($367M), and Cambodia ($190M).

Difference in imports from Laos (Flag) and Russia (Flag) (2023)

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Laos+$7.68kRefined Petroleum
Top Product Potential Laos Russia+$5.51kTelephones

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

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

Product Space of Russia (Flag) and Laos (Flag) (NaN)

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