Vietnam-Laos Trade: In 2022, Vietnam exported $545M to Laos. The main products that Vietnam exported to Laos were Refined Petroleum ($126M), Other Fruits ($43.6M), and Motorcycles and cycles ($26.2M). Over the past 5 years the exports of Vietnam to Laos have increased at an annualized rate of 52.7%, from $65.6M in 2017 to $545M in 2022.
In 2022, Vietnam did not export any services to Laos.
Laos-Vietnam Trade: In 2022, Laos exported $816M to Vietnam. The main products that Laos exported to Vietnam were Rubber ($212M), Electricity ($134M), and Sawn Wood ($122M). Over the past 5 years the exports of Laos to Vietnam have increased at an annualized rate of 53.2%, from $96.7M in 2017 to $816M in 2022.
In 2022, Laos did not export any services to Vietnam.
Comparison: In 2022, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). That same year, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B).