2022
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GDP
$281BCURRENT US$
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2012-2022
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GDP GROWTH
8.73%CURRENT US$
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2022
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 GDP
$15.7BCURRENT US$
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2012-2022
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GDP GROWTH
54.3%CURRENT US$
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2022
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GDP PC 
$50,537CURRENT US$
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2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
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2022
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GDP PC
$2,088CURRENT US$
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2012-2022
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GDP PC GROWTH
33.4%CURRENT US$
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About

Finland-Laos In 2022, Finland exported $1.69M to Laos. The main products that Finland exported to Laos are Lifting Machinery ($465k), Excavation Machinery ($202k), and Papermaking Machines ($190k). During the last 27 years the exports of Finland to Laos have increased at an annualized rate of 6.37%, from $319k in 1995 to $1.69M in 2022.

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

Laos-Finland In 2022, Laos exported $2.72M to Finland. The main products that Laos exported to Finland were Non-Knit Men's Suits ($1.34M), Non-Knit Men's Coats ($439k), and Knit Men's Undergarments ($184k). During the last 27 years the exports of Laos to Finland have decreased at an annualized rate of 0.5%, from $3.11M in 1995 to $2.72M in 2022.

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

Comparison In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). 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, Finland exported $1.69M to Laos. The main products exported from Finland to Laos were Lifting Machinery ($465k), Excavation Machinery ($202k), and Papermaking Machines ($190k). During the last 27 years the exports of Finland to Laos have increased at an annualized rate of 6.37%, from $319k in 1995 to $1.69M in 2022.

In 2022, Laos exported $2.72M to Finland. The main products exported from Laos to Finland were Non-Knit Men's Suits ($1.34M), Non-Knit Men's Coats ($439k), and Knit Men's Undergarments ($184k). During the last 27 years the exports of Laos to Finland have decreased at an annualized rate of 0.5%, from $3.11M in 1995 to $2.72M in 2022.

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

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

Latest Data

Trade between Finland (Flag) and Laos (Flag)

Finland Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Laos
Top Destination
Thailand$3.29B

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

In 2021, countries that imported more from Finland than Laos were Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

In 2021, countries that imported more from Laos than Finland were Thailand ($3.29B), Vietnam ($978M), and Cambodia ($207M).

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

Comparative Advantage Finland - Laos

Flow
Scale

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

During 2022, Finland had a large net trade with Laos in the exports of Machines ($1.24M), Animal Hides ($179k), and Instruments ($82.3k).

During 2022, Laos had a large net trade with Finland in the exports of Textiles ($2.55M), Footwear and Headwear ($102k), and Machines ($42.1k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Finland has comparative advantage over Laos. Similarly, the more yellow a dot/product is, the more Laos has comparative advantage over Finland.

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

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