Australia (AUS) and Laos (LAO) Trade | The Observatory of Economic Complexity

About

Australia-Laos Trade: In 2023, Australia exported $15.2M to Laos. The main products that Australia exported to Laos were Liquid Pumps ($3.56M), Malt ($1.65M), and Valves ($1.55M). Over the past 5 years the exports of Australia to Laos have decreased at an annualized rate of 15.2%, from $34.7M in 2018 to $15.2M in 2023.

In 2023, Australia did not export any services to Laos.

Laos-Australia Trade: In 2023, Laos exported $367M to Australia. The main products that Laos exported to Australia were Gold ($350M), Video Displays ($2.72M), and Silver ($2.69M). Over the past 5 years the exports of Laos to Australia have increased at an annualized rate of 83.7%, from $17.5M in 2018 to $367M in 2023.

In 2023, Laos did not export any services to Australia.

Comparison: In 2023, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B). That same year, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Australia exported $15.2M to Laos. The main products exported from Australia to Laos were Liquid Pumps ($3.56M), Malt ($1.65M), and Valves ($1.55M). During the last 5 years the exports of Australia to Laos have decreased at an annualized rate of 15.2%, from $34.7M in 2018 to $15.2M in 2023.

In 2018, Laos exported $367M to Australia. The main products exported from Laos to Australia were Gold ($350M), Video Displays ($2.72M), and Silver ($2.69M). During the last 5 years the exports of Laos to Australia have increased at an annualized rate of 83.7%, from $17.5M in 2023 to $367M in 2018.

Exports from Australia () to Laos () (2023)

Exports from Laos () to Australia () (2023)

Latest Data

Trade between Australia () and Laos ()

Australia Exports

Date

Laos Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationChina$137B

Laos
Top DestinationChina$3.41B

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

In 2023, countries that imported more from Australia than Laos included China ($137B), Japan ($59B), and South Korea ($20.9B).

In 2023, countries that imported more from Laos than Australia included Cambodia ($190M), Romania ($23M), and Andorra ($126k).

Difference in imports from Laos () and Australia () (2023)

Comparative Advantage Australia - Laos

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Australia had a large net trade with Laos in the exports of Machines ($10.2M), Vegetable Products ($2.32M), and Instruments ($655k).

During 2018, Laos had a large net trade with Australia in the exports of Precious Metals ($353M), Machines ($7.96M), and Footwear and Headwear ($2.78M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Australia Laos+$302kExcavation Machinery

Top Product Potential Laos Australia+$4.22MTelephones

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Australia () to Laos () (2023)

Exports from Laos () to Australia () (2023)

Latest Data

Trade between Australia () and Laos ()

Australia Exports

Laos Exports

Market Competitiveness

Difference in imports from Laos () and Australia () (2023)

Comparative Advantage Australia - Laos

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Australia () and Laos () (2023)

Keep Exploring