Denmark (DNK) and Laos (LAO) Trade | The Observatory of Economic Complexity

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Denmark-Laos Trade: In 2023, Denmark exported $2.52M to Laos. The main products that Denmark exported to Laos were Dairy Machinery ($1.08M), Non-Knit Men's Coats ($324k), and Cheese ($146k). Over the past 5 years the exports of Denmark to Laos have decreased at an annualized rate of 2.05%, from $2.79M in 2018 to $2.52M in 2023.

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

Laos-Denmark Trade: In 2023, Laos exported $91.9M to Denmark. The main products that Laos exported to Denmark were Non-Knit Men's Suits ($49.2M), Non-Knit Men's Coats ($20.6M), and Knit Sweaters ($6.85M). Over the past 5 years the exports of Laos to Denmark have increased at an annualized rate of 31.3%, from $23.5M in 2018 to $91.9M in 2023.

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

Comparison: In 2023, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). 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, Denmark exported $2.52M to Laos. The main products exported from Denmark to Laos were Dairy Machinery ($1.08M), Non-Knit Men's Coats ($324k), and Cheese ($146k). During the last 5 years the exports of Denmark to Laos have decreased at an annualized rate of 2.05%, from $2.79M in 2018 to $2.52M in 2023.

In 2018, Laos exported $91.9M to Denmark. The main products exported from Laos to Denmark were Non-Knit Men's Suits ($49.2M), Non-Knit Men's Coats ($20.6M), and Knit Sweaters ($6.85M). During the last 5 years the exports of Laos to Denmark have increased at an annualized rate of 31.3%, from $23.5M in 2023 to $91.9M in 2018.

Exports from Denmark () to Laos () (2023)

Exports from Laos () to Denmark () (2023)

Latest Data

Trade between Denmark () and Laos ()

Denmark Exports

Date

Laos Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$14.8B

Laos
Top DestinationChina$3.41B

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 2023, countries that imported more from Denmark than Laos included Germany ($14.8B), United States ($12B), and Sweden ($11.2B).

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

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

Comparative Advantage Denmark - Laos

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Denmark had a large net trade with Laos in the exports of Machines ($1.72M), Textiles ($482k), and Animal Products ($146k).

During 2018, Laos had a large net trade with Denmark in the exports of Textiles ($91.3M), Vegetable Products ($512k), and Metals ($15.7k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Denmark () to Laos () (2023)

Exports from Laos () to Denmark () (2023)

Latest Data

Trade between Denmark () and Laos ()

Denmark Exports

Laos Exports

Market Competitiveness

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

Comparative Advantage Denmark - Laos

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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