Serbia (SRB) and Laos (LAO) Trade | The Observatory of Economic Complexity

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Serbia-Laos Trade: In 2021, Serbia exported $64.4k to Laos. The main products that Serbia exported to Laos were N/A. Over the past 14 years the exports of Serbia to Laos have increased at an annualized rate of 20.9%, from $4.49k in 2007 to $64.4k in 2021.

In 2009, Serbia exported services to Laos worth $18.9k, with Compensation of employees ($12.2k) and Workers' remittances ($6.7k) being the largest in terms of value.

Laos-Serbia Trade: In 2021, Laos exported $636k to Serbia. The main products that Laos exported to Serbia were Textile Footwear ($300k), Rubber Footwear ($105k), and Leather Footwear ($94.3k). Over the past 14 years the exports of Laos to Serbia have increased at an annualized rate of 18.8%, from $269k in 2007 to $636k in 2021.

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

Comparison: In 2022, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B). That same year, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Serbia exported $64.4k to Laos. There were not main exports from Serbia to Laos in 2021. During the last 14 years the exports of Serbia to Laos have increased at an annualized rate of 20.9%, from $4.49k in 2007 to $64.4k in 2021.

In 2017, Laos exported $636k to Serbia. The main products exported from Laos to Serbia were Textile Footwear ($300k), Rubber Footwear ($105k), and Leather Footwear ($94.3k). During the last 5 years the exports of Laos to Serbia have increased at an annualized rate of 18.8%, from $269k in 2022 to $636k in 2017.

Exports from Serbia () to Laos () (2022)

Exports from Laos () to Serbia () (2022)

Latest Data

Trade between Serbia () and Laos ()

Serbia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Serbia
Top DestinationGermany$4B

Laos
Top DestinationThailand$3.29B

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

In 2022, countries that imported more from Serbia than Laos included Germany ($4B), Bosnia and Herzegovina ($2.14B), and Italy ($2.1B).

In 2022, countries that imported more from Laos than Serbia included Thailand ($3.29B), China ($2.73B), and Vietnam ($978M).

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

Comparative Advantage Serbia - Laos

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Serbia had a large net trade with Laos in the exports of .

During 2017, Laos had a large net trade with Serbia in the exports of Footwear and Headwear ($546k), Textiles ($50.1k), and Foodstuffs ($24.2k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Serbia Laos+$3.17kRefined Petroleum

Top Product Potential Laos Serbia+$200kLeather Footwear

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

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Historical Data

Bilateral Trade by Products

Exports from Serbia () to Laos () (2022)

Exports from Laos () to Serbia () (2022)

Latest Data

Trade between Serbia () and Laos ()

Serbia Exports

Market Competitiveness

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

Comparative Advantage Serbia - Laos

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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