2022
Flag  
GDP
$529BCURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP GROWTH
135%CURRENT US$
Rnk 7 / 186
2022
Flag
 GDP
$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP GROWTH
54.3%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC 
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186
2022
Flag
GDP PC
$2,088CURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 59 / 186

About

Ireland-Laos Trade: In 2022, Ireland exported $1.92M to Laos. The main products that Ireland exported to Laos were Office Machine Parts ($1.76M), Animal Meal and Pellets ($97.7k), and Recovered Paper ($56.7k). Over the past 5 years the exports of Ireland to Laos have decreased at an annualized rate of 16.3%, from $4.66M in 2017 to $1.92M in 2022.

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

Laos-Ireland Trade: In 2022, Laos exported $2.48M to Ireland. The main products that Laos exported to Ireland were Leather Footwear ($542k), Knit T-shirts ($430k), and Video Displays ($251k). Over the past 5 years the exports of Laos to Ireland have increased at an annualized rate of 10.8%,  from $1.48M in 2017 to $2.48M in 2022.

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

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). 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, Ireland exported $1.92M to Laos. The main products exported from Ireland to Laos were Office Machine Parts ($1.76M), Animal Meal and Pellets ($97.7k), and Recovered Paper ($56.7k). During the last 5 years the exports of Ireland to Laos have decreased at an annualized rate of 16.3%, from $4.66M in 2017 to $1.92M in 2022.

In 2017, Laos exported $2.48M to Ireland. The main products exported from Laos to Ireland were Leather Footwear ($542k), Knit T-shirts ($430k), and Video Displays ($251k). During the last 5 years the exports of Laos to Ireland have increased at an annualized rate of 10.8%, from $1.48M in 2022 to $2.48M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$70.7B
Laos
Top Destination
Thailand$3.29B

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

In 2022, countries that imported more from Ireland than Laos included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

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

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

Comparative Advantage Ireland - Laos

Flow
Scale

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

During 2022, Ireland had a large net trade with Laos in the exports of Machines ($1.76M), Foodstuffs ($97.7k), and Paper Goods ($56.7k).

During 2017, Laos had a large net trade with Ireland in the exports of Textiles ($1.01M), Footwear and Headwear ($632k), and Machines ($590k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Laos+$1.37MComputers
Top Product Potential Laos Ireland+$738kTelephones

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

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

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