Slovakia (SVK) and Laos (LAO) Trade | The Observatory of Economic Complexity

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Slovakia-Laos Trade: In 2022, Slovakia exported $2.69M to Laos. The main products that Slovakia exported to Laos were Cars ($2.12M), Water and Gas Generators ($541k), and Integrated Circuits ($19.6k). Over the past 5 years the exports of Slovakia to Laos have increased at an annualized rate of 79.6%, from $144k in 2017 to $2.69M in 2022.

In 2022, Slovakia did not export any services to Laos.

Laos-Slovakia Trade: In 2022, Laos exported $822k to Slovakia. The main products that Laos exported to Slovakia were Non-Knit Men's Shirts ($156k), Textile Footwear ($134k), and Knit Men's Undergarments ($105k). Over the past 5 years the exports of Laos to Slovakia have increased at an annualized rate of 6.17%, from $609k in 2017 to $822k in 2022.

In 2022, Laos did not export any services to Slovakia.

Comparison: In 2022, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B). 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 2022, Slovakia exported $2.69M to Laos. The main products exported from Slovakia to Laos were Cars ($2.12M), Water and Gas Generators ($541k), and Integrated Circuits ($19.6k). During the last 5 years the exports of Slovakia to Laos have increased at an annualized rate of 79.6%, from $144k in 2017 to $2.69M in 2022.

In 2017, Laos exported $822k to Slovakia. The main products exported from Laos to Slovakia were Non-Knit Men's Shirts ($156k), Textile Footwear ($134k), and Knit Men's Undergarments ($105k). During the last 5 years the exports of Laos to Slovakia have increased at an annualized rate of 6.17%, from $609k in 2022 to $822k in 2017.

Exports from Slovakia () to Laos () (2022)

Exports from Laos () to Slovakia () (2022)

Latest Data

Trade between Slovakia () and Laos ()

Slovakia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Slovakia
Top DestinationGermany$22.2B

Laos
Top DestinationThailand$3.29B

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

In 2022, countries that imported more from Slovakia than Laos included Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

In 2022, countries that imported more from Laos than Slovakia included Thailand ($3.29B), Vietnam ($978M), and Cambodia ($207M).

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

Comparative Advantage Slovakia - Laos

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Slovakia had a large net trade with Laos in the exports of Transportation ($2.12M) and Machines ($570k).

During 2017, Laos had a large net trade with Slovakia in the exports of Textiles ($499k), Footwear and Headwear ($298k), and Machines ($15.1k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Slovakia Laos+$3.06MCars

Top Product Potential Laos Slovakia+$260kNon-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.

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Slovakia () to Laos () (2022)

Exports from Laos () to Slovakia () (2022)

Latest Data

Trade between Slovakia () and Laos ()

Slovakia Exports

Market Competitiveness

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

Comparative Advantage Slovakia - Laos

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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