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Pricing

2022
Flag → Flag
Exports $1.69MRnk 190 / 219
2022
Flag → Flag
Top Product $429kMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $9.07MRnk 32 / 125
2022
Flag → Flag
Top Product $4.47MLight Synthetic Cotton Fabrics
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.79Rnk 100 / 133
2022
Flag  
GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
 GDP$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP GROWTH54.3%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC $10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186
2022
Flag
GDP PC$2,088CURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 59 / 186

About

Turkey-Laos Trade: In 2022, Turkey exported $1.69M to Laos. The main products that Turkey exported to Laos were Motor vehicles; parts and accessories (8701 to 8705) ($429k), Light Pure Woven Cotton ($199k), and Packaged Medicaments ($141k). Over the past 5 years the exports of Turkey to Laos have increased at an annualized rate of 1.6%, from $1.56M in 2017 to $1.69M in 2022.

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

Laos-Turkey Trade: In 2022, Laos exported $9.07M to Turkey. The main products that Laos exported to Turkey were Light Synthetic Cotton Fabrics ($4.47M), Other Synthetic Fabrics ($2.12M), and Rubber Footwear ($754k). Over the past 5 years the exports of Laos to Turkey have increased at an annualized rate of 7.01%,  from $6.47M in 2017 to $9.07M in 2022.

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

Comparison: In 2022,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). 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
Value

In 2022, Turkey exported $1.69M to Laos. The main products exported from Turkey to Laos were Motor vehicles; parts and accessories (8701 to 8705) ($429k), Light Pure Woven Cotton ($199k), and Packaged Medicaments ($141k). During the last 5 years the exports of Turkey to Laos have increased at an annualized rate of 1.6%, from $1.56M in 2017 to $1.69M in 2022.

In 2017, Laos exported $9.07M to Turkey. The main products exported from Laos to Turkey were Light Synthetic Cotton Fabrics ($4.47M), Other Synthetic Fabrics ($2.12M), and Rubber Footwear ($754k). During the last 5 years the exports of Laos to Turkey have increased at an annualized rate of 7.01%, from $6.47M in 2022 to $9.07M in 2017.

Exports from Turkey (Flag) to Laos (Flag) (2022)

Exports from Laos (Flag) to Turkey (Flag) (2022)

Latest Data

Trade between Turkey (Flag) and Laos (Flag)

Turkey Exports

Laos Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$21.9B
Laos
Top DestinationThailand$3.29B

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

In 2022, countries that imported more from Turkey than Laos included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

Difference in imports from Laos (Flag) and Turkey (Flag) (2022)

Comparative Advantage Turkey - Laos

Flow
Scale

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

During 2022, Turkey had a large net trade with Laos in the exports of Transportation ($545k), Machines ($455k), and Textiles ($202k).

During 2017, Laos had a large net trade with Turkey in the exports of Textiles ($6.83M), Footwear and Headwear ($1.83M), and Machines ($363k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey Laos+$827kMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Laos Turkey+$751kLeather 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

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

Product Space of Turkey (Flag) and Laos (Flag) (2022)

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