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Pricing

2022
Flag → Flag
Exports $10.7MRnk 172 / 224
2022
Flag → Flag
Top Product $2.39MCars
2022
Flag → Flag
Exports $58.8MRnk 16 / 125
2022
Flag → Flag
Top Product $17.6MLeather Footwear
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.79Rnk 100 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP GROWTH54.3%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$2,088CURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 59 / 186

About

United Kingdom-Laos Trade: In 2022, United Kingdom exported $10.7M to Laos. The main products that United Kingdom exported to Laos were Cars ($2.39M), Nonaqueous Paints ($1.91M), and Electric Generating Sets ($1.73M). Over the past 5 years the exports of United Kingdom to Laos have decreased at an annualized rate of 7.06%, from $15.5M in 2017 to $10.7M in 2022.

In 2022, United Kingdom did not export any services to Laos.

Laos-United Kingdom Trade: In 2022, Laos exported $58.8M to United Kingdom. The main products that Laos exported to United Kingdom were Leather Footwear ($17.6M), Rubber Footwear ($7.55M), and Non-Knit Men's Suits ($6.05M). Over the past 5 years the exports of Laos to United Kingdom have increased at an annualized rate of 15%,  from $29.2M in 2017 to $58.8M in 2022.

In 2022, Laos did not export any services to United Kingdom.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B).

Latest Trends

September, 2024

About

Overview In September 2024, United Kingdom exported £60.2k and imported £904k from Laos, resulting in a negative trade balance of £844k. Between September 2023 and September 2024 the exports of United Kingdom have decreased by £-1.2M (-95.2%) from £1.26M to £60.2k, while imports increased by £798k (754%) from £106k to £904k.

Trade In September 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 September 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 September 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£30.4k) and East Midlands Airport (£28k), while imports destinations were mainly Felixstowe (£640k), Southampton (£151k), London Heathrow Airport (£11.3k), and East Midlands Airport (£3.77k).

Growth In September 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 September 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 (September 2023 - September 2024)£-1.2M(-95.2%)
IMPORT GROWTH (September 2023 - September 2024)£798k(754%)
MAIN EXPORTER (September 2024)London Heathrow Airport£30.4k

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 2022, United Kingdom exported $10.7M to Laos. The main products exported from United Kingdom to Laos were Cars ($2.39M), Nonaqueous Paints ($1.91M), and Electric Generating Sets ($1.73M). During the last 5 years the exports of United Kingdom to Laos have decreased at an annualized rate of 7.06%, from $15.5M in 2017 to $10.7M in 2022.

In 2017, Laos exported $58.8M to United Kingdom. The main products exported from Laos to United Kingdom were Leather Footwear ($17.6M), Rubber Footwear ($7.55M), and Non-Knit Men's Suits ($6.05M). During the last 5 years the exports of Laos to United Kingdom have increased at an annualized rate of 15%, from $29.2M in 2022 to $58.8M in 2017.

Exports from United Kingdom (Flag) to Laos (Flag) (2022)

Exports from Laos (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Laos
Top DestinationThailand$3.29B

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 2022, countries that imported more from United Kingdom than Laos included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

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

Difference in imports from Laos (Flag) and United Kingdom (Flag) (2022)

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 2022, United Kingdom had a large net trade with Laos in the exports of Chemical Products ($2.86M), Transportation ($2.76M), and Machines ($2.3M).

During 2017, Laos had a large net trade with United Kingdom in the exports of Footwear and Headwear ($27.9M), Textiles ($15.5M), and Machines ($13.5M).

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) (2022)

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