Greece (GRC) and Laos (LAO) Trade | The Observatory of Economic Complexity

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Greece-Laos Trade: In 2022, Greece exported $4.94M to Laos. The main products that Greece exported to Laos were Recovered Paper ($4.58M), Refined Petroleum ($357k), and Leather Footwear ($477). Over the past 5 years the exports of Greece to Laos have increased at an annualized rate of 292%, from $5.33k in 2017 to $4.94M in 2022.

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

Laos-Greece Trade: In 2022, Laos exported $235k to Greece. The main products that Laos exported to Greece were Leather Footwear ($231k), Computers ($2.38k), and Printed Circuit Boards ($534). Over the past 5 years the exports of Laos to Greece have decreased at an annualized rate of 2.93%, from $272k in 2017 to $235k in 2022.

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

Comparison: In 2022, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Greece exported $4.94M to Laos. The main products exported from Greece to Laos were Recovered Paper ($4.58M), Refined Petroleum ($357k), and Leather Footwear ($477). During the last 5 years the exports of Greece to Laos have increased at an annualized rate of 292%, from $5.33k in 2017 to $4.94M in 2022.

In 2017, Laos exported $235k to Greece. The main products exported from Laos to Greece were Leather Footwear ($231k), Computers ($2.38k), and Printed Circuit Boards ($534). During the last 5 years the exports of Laos to Greece have decreased at an annualized rate of 2.93%, from $272k in 2022 to $235k in 2017.

Exports from Greece () to Laos () (2022)

Exports from Laos () to Greece () (2022)

Latest Data

Trade between Greece () and Laos ()

Greece Exports

Date

Laos Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$5.82B

Laos
Top DestinationThailand$3.29B

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

In 2022, countries that imported more from Greece than Laos included Italy ($5.82B), Bulgaria ($3.62B), and Germany ($3.45B).

In 2022, countries that imported more from Laos than Greece included Thailand ($3.29B), China ($2.73B), and Vietnam ($978M).

Difference in imports from Laos () and Greece () (2022)

Comparative Advantage Greece - Laos

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Greece had a large net trade with Laos in the exports of Paper Goods ($4.58M), Mineral Products ($357k), and Textiles ($887).

During 2017, Laos had a large net trade with Greece in the exports of Footwear and Headwear ($231k), Machines ($3.34k), and Chemical Products ($9).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece Laos+$1.43MRefined Petroleum

Top Product Potential Laos Greece+$323kLeather Footwear

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

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Historical Data

Bilateral Trade by Products

Exports from Greece () to Laos () (2022)

Exports from Laos () to Greece () (2022)

Latest Data

Trade between Greece () and Laos ()

Greece Exports

Laos Exports

Market Competitiveness

Difference in imports from Laos () and Greece () (2022)

Comparative Advantage Greece - Laos

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Greece () and Laos () (2022)

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