2021
Flag  
GDP
$366BCURRENT US$
Rnk 40 / 204
2011-2021
Flag
GDP GROWTH
112%CURRENT US$
Rnk 13 / 204
2021
Flag
 GDP
$18.8BCURRENT US$
Rnk 117 / 204
2011-2021
Flag
GDP GROWTH
115%CURRENT US$
Rnk 11 / 204
2021
Flag
GDP PC 
$3,756CURRENT US$
Rnk 140 / 204
2011-2021
Flag
GDP PC GROWTH
92.3%CURRENT US$
Rnk 7 / 204
2021
Flag
GDP PC
$2,536CURRENT US$
Rnk 154 / 204
2011-2021
Flag
GDP PC GROWTH
85.9%CURRENT US$
Rnk 12 / 204

About

Vietnam-Laos In 2021, Vietnam exported $680M to Laos. The main products that Vietnam exported to Laos are Motorcycles and cycles ($39.3M), Other Small Iron Pipes ($33.9M), and Crude Petroleum ($31.2M). During the last 21 years the exports of Vietnam to Laos have increased at an annualized rate of 11%, from $76.3M in 2000 to $680M in 2021.

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

Laos-Vietnam In 2021, Laos exported $1.24B to Vietnam. The main products that Laos exported to Vietnam were Flavored Water ($202M), Rubber ($178M), and Bovine ($144M). During the last 21 years the exports of Laos to Vietnam have increased at an annualized rate of 12.9%, from $97M in 2000 to $1.24B in 2021.

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

Comparison In 2021,  Vietnam ranked 58 in the Economic Complexity Index (ECI 0.1), and 18 in total exports ($356B). That same year, Laos ranked 95 in the Economic Complexity Index (ECI -0.7), and 101 in total exports ($9.22B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Vietnam exported $680M to Laos. The main products exported from Vietnam to Laos were Motorcycles and cycles ($39.3M), Other Small Iron Pipes ($33.9M), and Crude Petroleum ($31.2M). During the last 21 years the exports of Vietnam to Laos have increased at an annualized rate of 11%, from $76.3M in 2000 to $680M in 2021.

In 2021, Laos exported $1.24B to Vietnam. The main products exported from Laos to Vietnam were Flavored Water ($202M), Rubber ($178M), and Bovine ($144M). During the last 21 years the exports of Laos to Vietnam have increased at an annualized rate of 12.9%, from $97M in 2000 to $1.24B in 2021.

Exports from Vietnam (Flag) to Laos (Flag) (2021)

Exports from Laos (Flag) to Vietnam (Flag) (2021)

Latest Data

Trade between Vietnam (Flag) and Laos (Flag)

Laos Exports

Market Competitiveness

Color
Vietnam
Top Destination
United States$99.3B
Laos
Top Destination
Thailand$2.99B

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

In 2021, countries that imported more from Vietnam than Laos were United States ($99.3B), China ($57.8B), and South Korea ($22.6B).

In 2021, countries that imported more from Laos than Vietnam were Yemen ($351k), Mali ($341k), and Namibia ($298k).

Difference in imports from Laos (Flag) and Vietnam (Flag) (2021)

Comparative Advantage Vietnam - Laos

Flow
Scale

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

During 2021, Vietnam had a large net trade with Laos in the exports of Metals ($162M), Mineral Products ($88.9M), and Machines ($70.9M).

During 2021, Laos had a large net trade with Vietnam in the exports of Foodstuffs ($326M), Mineral Products ($214M), and Plastics and Rubbers ($194M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Vietnam has comparative advantage over Laos. Similarly, the more yellow a dot/product is, the more Laos has comparative advantage over Vietnam.

Product Space of Vietnam (Flag) and Laos (Flag) (2021)

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