Flag United States / Laos Flag

Exports Flag β†’ Flag  (2018): $13M, Rnk 183 / 215

Top Product Flag β†’ Flag (2018): $3.97M, Cars

Exports Flag β†’ Flag (2018): $140M, Rnk 4 / 99

Top Product Flag β†’ Flag (2018): $68.6M, Video Displays

Economic Complexity of Flag (2018): ECI 1.57, Rnk 9 / 137

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

GDP Flag (2018): $20.5T, CURRENT US$
Rnk 1 / 196

GDP GROWTH Flag (2008-2018): 39.6%, CURRENT US$
Rnk 99 / 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): $62,795, CURRENT US$
Rnk 10 / 196

GDP PC GROWTH Flag (2008-2018): 29.8%, CURRENT US$
Rnk 81 / 196

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

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

United States-Laos: In 2018, United States exported $13M to Laos. The main products exported from United States to Laos were Cars ($3.97M), Glues ($749k), and Acrylic Polymers ($640k). During the last 23 years the exports of United States to Laos have increased at an annualized rate of 9.65%, from $1.56M in 1995 to $13M in 2018.

Laos-United States: In 2018, Laos exported $140M to United States. The main products exported from Laos to United States were Video Displays ($68.6M), Diamonds ($11.4M), and Broadcasting Equipment ($10.6M). During the last 23 years the exports of Laos to United States have increased at an annualized rate of 11.7%, from $10.9M in 1995 to $140M in 2018.

Comparison: In 2018, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). 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, United States was ranked 10 with a GDP Per Capita of $62,795, 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, United States exported $13M to Laos. The main products exported from United States to Laos were Cars ($3.97M), Glues ($749k), and Acrylic Polymers ($640k). During the last 23 years the exports of United States to Laos have increased at an annualized rate of 9.65%, from $1.56M in 1995 to $13M in 2018.

In 2018, Laos exported $140M to United States. The main products exported from Laos to United States were Video Displays ($68.6M), Diamonds ($11.4M), and Broadcasting Equipment ($10.6M). During the last 23 years the exports of Laos to United States have increased at an annualized rate of 11.7%, from $10.9M in 1995 to $140M in 2018.

Market Competitiveness

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Measure

United States
Top Destination
: Mexico, $237B

Laos
Top Destination
: Thailand, $2.6B

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

In 2018, countries that imported more from United States than Laos were Mexico ($237B), Canada ($190B), and China ($119B).

In 2018, no countries were registered that imported more from Laos than from United States.

Comparative Advantage United States - Laos

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Depth

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

During 2018, United States had a large net trade with Laos in the exports of Transportation ($4.59M), Machines ($1.51M), and Plastics and Rubbers ($1.45M).

During 2018, Laos had a large net trade with United States in the exports of Machines ($84.7M), Precious Metals ($13.5M), and Metals ($11.1M).

Tariff Section

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

In 2018, the products from United States that paid the highest import tariffs to enter Laos were Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%) and Homogenized or reconstituted tobacco (350%).

In 2018, the products from Laos that paid the highest import tariffs to enter United States were Cabbage lettuce (head lettuce) fresh or chilled (40%) and Lettuce, fresh or chilled except cabbage lettuce (40%).

Explore Tariff Data

*The tariffs present between United States and Laos are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between United States 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 United States has comparative advantage over Laos. Similarly, the more red a dot/product is, the more Laos has comparative advantage over United States.