2022
Flag  
GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP
$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP GROWTH
54.3%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC 
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC
$2,088CURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 59 / 186

About

Denmark-Laos Trade: In 2022, Denmark exported $2.98M to Laos. The main products that Denmark exported to Laos were Refrigerators ($1.1M), Dairy Machinery ($798k), and Semiconductor Devices ($222k). Over the past 5 years the exports of Denmark to Laos have increased at an annualized rate of 11%, from $1.77M in 2017 to $2.98M in 2022.

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

Laos-Denmark Trade: In 2022, Laos exported $68.5M to Denmark. The main products that Laos exported to Denmark were Non-Knit Men's Suits ($42.9M), Non-Knit Men's Coats ($13M), and Non-Knit Men's Shirts ($3.49M). Over the past 5 years the exports of Laos to Denmark have increased at an annualized rate of 5.47%,  from $20.1M in 2017 to $68.5M in 2022.

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

Comparison: In 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). 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
Value

In 2022, Denmark exported $2.98M to Laos. The main products exported from Denmark to Laos were Refrigerators ($1.1M), Dairy Machinery ($798k), and Semiconductor Devices ($222k). During the last 5 years the exports of Denmark to Laos have increased at an annualized rate of 11%, from $1.77M in 2017 to $2.98M in 2022.

In 2017, Laos exported $68.5M to Denmark. The main products exported from Laos to Denmark were Non-Knit Men's Suits ($42.9M), Non-Knit Men's Coats ($13M), and Non-Knit Men's Shirts ($3.49M). During the last 5 years the exports of Laos to Denmark have increased at an annualized rate of 5.47%, from $20.1M in 2022 to $68.5M in 2017.

Exports from Denmark (Flag) to Laos (Flag) (2022)

Exports from Laos (Flag) to Denmark (Flag) (2022)

Latest Data

Trade between Denmark (Flag) and Laos (Flag)

Denmark Exports

Laos Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
Laos
Top Destination
Thailand$3.29B

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

In 2022, countries that imported more from Denmark than Laos included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

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

Difference in imports from Laos (Flag) and Denmark (Flag) (2022)

Comparative Advantage Denmark - Laos

Flow
Scale

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

During 2022, Denmark had a large net trade with Laos in the exports of Machines ($2.62M), Animal Products ($105k), and Foodstuffs ($67.8k).

During 2017, Laos had a large net trade with Denmark in the exports of Textiles ($67.8M), Vegetable Products ($563k), and Foodstuffs ($172k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Laos+$272kTelephones
Top Product Potential Laos Denmark+$1.34MKnit Sweaters

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 Denmark and Laos. This means that a dot/product with the flag of Denmark indicates it has a comparative advantage over Laos. Similarly, a dot/product with the flag of Laos indicates it has a comparative advantage over Denmark.

Product Space of Denmark (Flag) and Laos (Flag) (2022)

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