Flag Vietnam / Laos Flag

2019
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Exports
: $747M, Rnk 37 / 140

2019
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Top Product
: $75.8M, Refined Petroleum

2019
FlagFlag
Exports
: $1.07B, Rnk 3 / 127

2019
FlagFlag
Top Product
: $220M, Flavored Water

2019
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Economic Complexity (ECI)
: ECI 0.066, Rnk 65 / 146

2019
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Economic Complexity (ECI)
: ECI -0.87, Rnk 116 / 146

2019
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GDP
: $262B, CURRENT US$
Rnk 44 / 187

2009-2019
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GDP GROWTH
: 147%, CURRENT US$
Rnk 13 / 187

2019
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 GDP
: $18.2B, CURRENT US$
Rnk 115 / 187

2009-2019
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GDP GROWTH
: 212%, CURRENT US$
Rnk 2 / 187

2019
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GDP PC 
: $2,715, CURRENT US$
Rnk 134 / 187

2009-2019
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GDP PC GROWTH
: 123%, CURRENT US$
Rnk 10 / 187

2019
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GDP PC
: $2,535, CURRENT US$
Rnk 136 / 187

2009-2019
Flag
GDP PC GROWTH
: 167%, CURRENT US$
Rnk 3 / 187

Vietnam-Laos In 2019, Vietnam exported $747M to Laos. The main products that Vietnam exported to Laos are Refined Petroleum ($75.8M), Other Fruits ($55.4M), and Motorcycles ($47.5M). During the last 19 years the exports of Vietnam to Laos have increased at an annualized rate of 13.7%, from $65.6M in 2000 to $747M in 2019.

In 2019, Vietnam did not export any services to Laos.

Laos-Vietnam In 2019, Laos exported $1.07B to Vietnam . The main products that Laos exported to Vietnam were Flavored Water ($220M), Bovine ($133M), and Rubber ($121M). During the last 19 years the exports of Laos to Vietnam have increased at an annualized rate of 13.5%, from $97M in 2000 to $1.07B in 2019.

In 2019, Laos did not export any services to Vietnam.

Comparison In 2019,  Vietnam ranked 65 in the Economic Complexity Index (ECI 0.066), and 20 in total exports ($280B). That same year, Laos ranked 116 in the Economic Complexity Index (ECI -0.87), and 104 in total exports ($6.65B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Vietnam exported $747M to Laos. The main products exported from Vietnam to Laos were Refined Petroleum ($75.8M), Other Fruits ($55.4M), and Motorcycles ($47.5M). During the last 19 years the exports of Vietnam to Laos have increased at an annualized rate of 13.7%, from $65.6M in 2000 to $747M in 2019.

In 2019, Laos exported $1.07B to Vietnam. The main products exported from Laos to Vietnam were Flavored Water ($220M), Bovine ($133M), and Rubber ($121M). During the last 19 years the exports of Laos to Vietnam have increased at an annualized rate of 13.5%, from $97M in 2000 to $1.07B in 2019.

Market Competitiveness

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Measure

Vietnam
Top Destination
: United States, $63.7B

Laos
Top Destination
: Thailand, $2.4B

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 2019, countries that imported more from Vietnam than Laos were United States ($63.7B), China ($40.3B), and Japan ($21.2B).

In 2019, countries that imported more from Laos than Vietnam were Namibia ($7.22M), Eswatini ($2.17M), and Sudan ($806k).

Comparative Advantage Vietnam - Laos

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Depth

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

During 2019, Vietnam had a large net trade with Laos in the exports of Metals ($143M), Mineral Products ($121M), and Vegetable Products ($119M).

During 2019, Laos had a large net trade with Vietnam in the exports of Foodstuffs ($374M), Animal Products ($136M), and Plastics and Rubbers ($133M).

Tariff Section

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

In 2019, the products from Vietnam that paid the highest import tariffs to enter Laos were Cigars, cheroots and cigarillos, containing tobacco (100%) and Cigarettes containing tobacco (100%).

In 2019, the products from Laos that paid the highest import tariffs to enter Vietnam 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%).

*The tariffs present between Vietnam and Laos are:
1: AANZFTA ASEAN - Australia - New Zealand Free Trade Area
1: AANZFTA ASEAN - Australia - New Zealand Free Trade Area
84: Association of Southeast Asian Nations (ASEAN ) Free Trade Area
84: Association of Southeast Asian Nations (ASEAN ) Free Trade Area
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
139: Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement
139: Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement

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