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2023
Flag → Flag
Exports $20.6MRnk 157 / 220
2023
Flag → Flag
Top Product $15.8MDiamonds
2023
Flag → Flag
Exports $25.7MRnk 20 / 120
2023
Flag → Flag
Top Product $21MDiamonds
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.89Rnk 107 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$15.8BCURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP GROWTH32.2%CURRENT US$
Rnk 109 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC$2,067CURRENT US$
Rnk 157 / 196
2013-2023
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GDP PC GROWTH14%CURRENT US$
Rnk 123 / 195

About

Belgium-Laos Trade: In 2023, Belgium exported $20.6M to Laos. The main products that Belgium exported to Laos were Diamonds ($15.8M), Vaccines, blood, antisera, toxins and cultures ($1.86M), and Malt ($1.52M). Over the past 5 years the exports of Belgium to Laos have decreased at an annualized rate of 7.15%, from $29.8M in 2018 to $20.6M in 2023.

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

Laos-Belgium Trade: In 2023, Laos exported $25.7M to Belgium. The main products that Laos exported to Belgium were Diamonds ($21M), Rice ($2.12M), and Raw Sugar ($1.38M). Over the past 5 years the exports of Laos to Belgium have increased at an annualized rate of 14.3%,  from $13.1M in 2018 to $25.7M in 2023.

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

Comparison: In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B).

Latest Trends

November, 2024

About

Overview In November 2024, Belgium exported €958k and imported €3.13M from Laos, resulting in a negative trade balance of €2.17M. Between November 2023 and November 2024 the exports of Belgium have decreased by €-12.9k (-1.33%) from €971k to €958k, while imports increased by €1.66M (113%) from €1.47M to €3.13M.

Trade In November 2024, the top exports of Belgium to Laos were Precious stones, metals, & pearls (€1.1M), Cars, tractors, trucks & parts thereof. (€118k), Machinery, mechanical appliances, & parts (€16.9k), Pharmaceutical products (€13.2k), and Chemical products n.e.s. (€900). In November 2024 the top imports of Belgium from Laos were Precious stones, metals, & pearls (€1.21M), Non-knitted clothing accesories (€4.53k), and Musical instruments (€398).

Growth In November 2024, the decrease in Belgium's year-by-year exports to Laos was explained primarily by an decrease in product exports in . In November 2024, the increase in Belgium's year-by-year imports  from Laos was explained primarily by an increase in product imports  in Precious stones, metals, & pearls (€669k or 124%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-12.9k(-1.33%)
IMPORT GROWTH (November 2023 - November 2024)€1.66M(113%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Laos and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Laos and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $20.6M to Laos. The main products exported from Belgium to Laos were Diamonds ($15.8M), Vaccines, blood, antisera, toxins and cultures ($1.86M), and Malt ($1.52M). During the last 5 years the exports of Belgium to Laos have decreased at an annualized rate of 7.15%, from $29.8M in 2018 to $20.6M in 2023.

In 2018, Laos exported $25.7M to Belgium. The main products exported from Laos to Belgium were Diamonds ($21M), Rice ($2.12M), and Raw Sugar ($1.38M). During the last 5 years the exports of Laos to Belgium have increased at an annualized rate of 14.3%, from $13.1M in 2023 to $25.7M in 2018.

Exports from Belgium (Flag) to Laos (Flag) (2023)

Exports from Laos (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Laos
Top DestinationChina$3.41B

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

In 2023, countries that imported more from Belgium than Laos included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Laos than Belgium included Thailand ($2.99B) and Cambodia ($190M).

Difference in imports from Laos (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Laos

Flow
Scale

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

During 2023, Belgium had a large net trade with Laos in the exports of Precious Metals ($15.8M), Chemical Products ($2.07M), and Vegetable Products ($1.53M).

During 2018, Laos had a large net trade with Belgium in the exports of Precious Metals ($21M), Vegetable Products ($3.12M), and Foodstuffs ($1.38M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Laos+$2.38MVaccines, blood, antisera, toxins and cultures
Top Product Potential Laos Belgium+$2.31MCoffee

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

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

Product Space of Belgium (Flag) and Laos (Flag) (2023)

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