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2023
Flag → Flag
Exports $6.9MRnk 180 / 223
2023
Flag → Flag
Top Product $2.67MCars
2023
Flag → Flag
Exports $66.8MRnk 12 / 120
2023
Flag → Flag
Top Product $22.8MLeather Footwear
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.89Rnk 107 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 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 $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$2,067CURRENT US$
Rnk 157 / 196
2013-2023
Flag
GDP PC GROWTH14%CURRENT US$
Rnk 123 / 195

About

United Kingdom-Laos Trade: In 2023, United Kingdom exported $6.9M to Laos. The main products that United Kingdom exported to Laos were Cars ($2.67M), Hard Liquor ($1.31M), and Vegetable Saps ($615k). Over the past 5 years the exports of United Kingdom to Laos have decreased at an annualized rate of 15%, from $15.6M in 2018 to $6.9M in 2023.

In 2023, United Kingdom did not export any services to Laos.

Laos-United Kingdom Trade: In 2023, Laos exported $66.8M to United Kingdom. The main products that Laos exported to United Kingdom were Leather Footwear ($22.8M), Video Displays ($11.2M), and Non-Knit Men's Suits ($5.15M). Over the past 5 years the exports of Laos to United Kingdom have increased at an annualized rate of 18%,  from $29.2M in 2018 to $66.8M in 2023.

In 2023, Laos did not export any services to United Kingdom.

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). 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, United Kingdom exported £140k and imported £341k from Laos, resulting in a negative trade balance of £201k. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-498k (-78.1%) from £638k to £140k, while imports increased by £196k (136%) from £144k to £341k.

Trade In November 2024, the top exports of United Kingdom to Laos were Motor vehicles; parts and accessories (8701... (£67.6k), Non-Knit Active Wear (£52.3k), Trunks and Cases (£25.2k), Thermostats (£12.4k), and Other Edible Preparations (£9.36k). In November 2024 the top imports of United Kingdom from Laos were Non-Knit Men's Suits (£163k), Non-Knit Active Wear (£55.8k), Sauces and Seasonings (£36.3k), Knit Men's Shirts (£18k), and Carded Wool or Animal Hair Fabric (£10.8k).

Origins In November 2024 the exports of United Kingdom were mainly from East Midlands Airport (£66.7k), London Heathrow Airport (£64k), London Gateway (£7.93k), and London Stansted Airport (£1.13k), while imports destinations were mainly Southampton (£131k), Felixstowe (£104k), and Portsmouth (£43.8k).

Growth In November 2024, the decrease in United Kingdom's year-by-year exports to Laos was explained primarily by an decrease in product exports in Trunks and Cases (£-4.53k or -15.3%), Commodities not elsewhere specified (£-2.55k or -73.9%), and Centrifuges (£-1.29k or -19.3%). In November 2024, the increase in United Kingdom's year-by-year imports  from Laos was explained primarily by an increase in product imports  in Non-Knit Men's Suits (£149k or 1.02k%) and Knit Men's Shirts (£7k or 63.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£-498k(-78.1%)
IMPORT GROWTH (November 2023 - November 2024)£196k(136%)
MAIN EXPORTER (November 2024)East Midlands Airport£66.7k

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

To check Laos and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Laos and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $6.9M to Laos. The main products exported from United Kingdom to Laos were Cars ($2.67M), Hard Liquor ($1.31M), and Vegetable Saps ($615k). During the last 5 years the exports of United Kingdom to Laos have decreased at an annualized rate of 15%, from $15.6M in 2018 to $6.9M in 2023.

In 2018, Laos exported $66.8M to United Kingdom. The main products exported from Laos to United Kingdom were Leather Footwear ($22.8M), Video Displays ($11.2M), and Non-Knit Men's Suits ($5.15M). During the last 5 years the exports of Laos to United Kingdom have increased at an annualized rate of 18%, from $29.2M in 2023 to $66.8M in 2018.

Exports from United Kingdom (Flag) to Laos (Flag) (2023)

Exports from Laos (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Laos
Top DestinationChina$3.41B

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

In 2023, countries that imported more from United Kingdom than Laos included United States ($59.7B), Germany ($34.6B), and China ($35.3B).

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

Difference in imports from Laos (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Laos

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Laos in the exports of Transportation ($3.13M), Foodstuffs ($1.39M), and Vegetable Products ($615k).

During 2018, Laos had a large net trade with United Kingdom in the exports of Footwear and Headwear ($28.2M), Machines ($21.7M), and Textiles ($13.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Laos+$3.89MCars
Top Product Potential Laos United Kingdom+$9.45MTelephones

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

Product Space of United Kingdom (Flag) and Laos (Flag) (2023)

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