Austria (AUT) and Laos (LAO) Trade | The Observatory of Economic Complexity

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Austria-Laos Trade: In 2022, Austria exported $8.74M to Laos. The main products that Austria exported to Laos were Other Heating Machinery ($2.83M), Papermaking Machines ($1.22M), and Hydraulic Turbines ($1.2M). Over the past 5 years the exports of Austria to Laos have decreased at an annualized rate of 38.4%, from $98.5M in 2017 to $8.74M in 2022.

In 2022, Austria did not export any services to Laos.

Laos-Austria Trade: In 2022, Laos exported $56.5k to Austria. The main products that Laos exported to Austria were Wood Ornaments ($14.7k), Railway Cargo Containers ($9.44k), and Computers ($5.33k). Over the past 5 years the exports of Laos to Austria have decreased at an annualized rate of 60%, from $5.51M in 2017 to $56.5k in 2022.

In 2022, Laos did not export any services to Austria.

Comparison: In 2022, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B). That same year, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Austria exported $8.74M to Laos. The main products exported from Austria to Laos were Other Heating Machinery ($2.83M), Papermaking Machines ($1.22M), and Hydraulic Turbines ($1.2M). During the last 5 years the exports of Austria to Laos have decreased at an annualized rate of 38.4%, from $98.5M in 2017 to $8.74M in 2022.

In 2017, Laos exported $56.5k to Austria. The main products exported from Laos to Austria were Wood Ornaments ($14.7k), Railway Cargo Containers ($9.44k), and Computers ($5.33k). During the last 5 years the exports of Laos to Austria have decreased at an annualized rate of 60%, from $5.51M in 2022 to $56.5k in 2017.

Exports from Austria () to Laos () (2022)

Exports from Laos () to Austria () (2022)

Latest Data

Trade between Austria () and Laos ()

Austria Exports

Date

Laos Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$57.7B

Laos
Top DestinationThailand$3.29B

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

In 2022, countries that imported more from Austria than Laos included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

In 2022, countries that imported more from Laos than Austria included Thailand ($3.29B), Vietnam ($978M), and Cambodia ($207M).

Difference in imports from Laos () and Austria () (2022)

Comparative Advantage Austria - Laos

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Austria had a large net trade with Laos in the exports of Machines ($6.89M), Transportation ($675k), and Metals ($612k).

During 2017, Laos had a large net trade with Austria in the exports of Wood Products ($14.7k), Textiles ($14.3k), and Machines ($9.93k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Austria Laos+$666kCars

Top Product Potential Laos Austria+$21.9kComputers

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.

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Austria () to Laos () (2022)

Exports from Laos () to Austria () (2022)

Latest Data

Trade between Austria () and Laos ()

Austria Exports

Laos Exports

Market Competitiveness

Difference in imports from Laos () and Austria () (2022)

Comparative Advantage Austria - Laos

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Austria () and Laos () (2022)

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