Flag Thailand / Laos Flag

Exports Flag β†’ Flag  (2018): $4.12B, Rnk 18 / 217

Top Product Flag β†’ Flag (2018): $861M, Refined Petroleum

Exports Flag β†’ Flag (2018): $2.6B, Rnk 1 / 99

Top Product Flag β†’ Flag (2018): $1.41B, Electricity

Economic Complexity of Flag (2018): ECI 0.93, Rnk 28 / 137

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

GDP Flag (2018): $505B, CURRENT US$
Rnk 25 / 196

GDP GROWTH Flag (2008-2018): 73.3%, CURRENT US$
Rnk 51 / 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): $7,274, CURRENT US$
Rnk 91 / 196

GDP PC GROWTH Flag (2008-2018): 66.1%, CURRENT US$
Rnk 31 / 196

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

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

Thailand-Laos: In 2018, Thailand exported $4.12B to Laos. The main products exported from Thailand to Laos were Refined Petroleum ($861M), Cars ($196M), and Bovine ($166M). During the last 23 years the exports of Thailand to Laos have increased at an annualized rate of 11.3%, from $349M in 1995 to $4.12B in 2018.

Laos-Thailand: In 2018, Laos exported $2.6B to Thailand. The main products exported from Laos to Thailand were Electricity ($1.41B), Refined Copper ($367M), and Broadcasting Accessories ($256M). During the last 23 years the exports of Laos to Thailand have increased at an annualized rate of 17.5%, from $64.4M in 1995 to $2.6B in 2018.

Comparison: In 2018, Thailand ranked 28 in the Economic Complexity Index (ECI 0.93), and 22 in total exports ($262B). 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, Thailand was ranked 91 with a GDP Per Capita of $7,274, and Laos was ranked 143 with a GDP Per Capita of $2,542.

Bilateral Trade by Products

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Depth
Value

In 2018, Thailand exported $4.12B to Laos. The main products exported from Thailand to Laos were Refined Petroleum ($861M), Cars ($196M), and Bovine ($166M). During the last 23 years the exports of Thailand to Laos have increased at an annualized rate of 11.3%, from $349M in 1995 to $4.12B in 2018.

In 2018, Laos exported $2.6B to Thailand. The main products exported from Laos to Thailand were Electricity ($1.41B), Refined Copper ($367M), and Broadcasting Accessories ($256M). During the last 23 years the exports of Laos to Thailand have increased at an annualized rate of 17.5%, from $64.4M in 1995 to $2.6B in 2018.

Market Competitiveness

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Measure

Thailand
Top Destination
: China, $31B

Laos
Top Destination
: Thailand, $2.6B

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

In 2018, countries that imported more from Thailand than Laos were China ($31B), United States ($29.3B), and Japan ($24.9B).

In 2018, countries that imported more from Laos than Thailand were Cape Verde ($10M).

Comparative Advantage Thailand - Laos

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Depth

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

During 2018, Thailand had a large net trade with Laos in the exports of Mineral Products ($975M), Machines ($673M), and Foodstuffs ($464M).

During 2018, Laos had a large net trade with Thailand in the exports of Mineral Products ($1.48B), Machines ($492M), and Metals ($375M).

Tariff Section

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

In 2015, the products from Thailand that paid the highest import tariffs to enter Laos were Milk powder < 1.5% fat (216%) and Raw silk (not thrown) (216%).

In 2018, the products from Laos that paid the highest import tariffs to enter Thailand were Military weapons: artillery weapons (e.g. guns, howitzers, and mortars) (30%) and Military weapons: rocket launchers, flame-throwers, grenade launchers, torpedo tubes and similar projectors (30%).

Explore Tariff Data

*The tariffs present between Thailand and Laos are:
1: AANZFTA ASEAN - Australia - New Zealand Free Trade Area
136: Most Favoured Nation duty rate treatement
252: Preferential tariff for Lao PDR
254: Preferential tariff for Least Developed Countries

Trade Forecasts

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This section shows a forecast for total trade between Thailand 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

Economic Complexity

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Competitive Landscape

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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 Thailand has comparative advantage over Laos. Similarly, the more red a dot/product is, the more Laos has comparative advantage over Thailand.