2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 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 
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 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

Italy-Laos In 2022, Italy exported $13.3M to Laos. The main products that Italy exported to Laos are Pig Meat ($4.22M), Recovered Paper ($3.3M), and Tanned Equine and Bovine Hides ($1.39M). During the last 27 years the exports of Italy to Laos have decreased at an annualized rate of 0.67%, from $16M in 1995 to $13.3M in 2022.

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

Laos-Italy In 2022, Laos exported $9.35M to Italy. The main products that Laos exported to Italy were Textile Footwear ($2.65M), Knit Men's Undergarments ($2.49M), and Knit T-shirts ($1.36M). During the last 27 years the exports of Laos to Italy have increased at an annualized rate of 3.54%, from $3.65M in 1995 to $9.35M in 2022.

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

Comparison In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). 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, Italy exported $13.3M to Laos. The main products exported from Italy to Laos were Pig Meat ($4.22M), Recovered Paper ($3.3M), and Tanned Equine and Bovine Hides ($1.39M). During the last 27 years the exports of Italy to Laos have decreased at an annualized rate of 0.67%, from $16M in 1995 to $13.3M in 2022.

In 2022, Laos exported $9.35M to Italy. The main products exported from Laos to Italy were Textile Footwear ($2.65M), Knit Men's Undergarments ($2.49M), and Knit T-shirts ($1.36M). During the last 27 years the exports of Laos to Italy have increased at an annualized rate of 3.54%, from $3.65M in 1995 to $9.35M in 2022.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Laos
Top Destination
Thailand$3.29B

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

In 2021, countries that imported more from Italy than Laos were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

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

Comparative Advantage Italy - Laos

Flow
Scale

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

During 2022, Italy had a large net trade with Laos in the exports of Animal Products ($4.38M), Paper Goods ($3.3M), and Textiles ($2.43M).

During 2022, Laos had a large net trade with Italy in the exports of Textiles ($4.56M), Footwear and Headwear ($3.3M), and Vegetable Products ($1.47M).

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 Italy has comparative advantage over Laos. Similarly, the more yellow a dot/product is, the more Laos has comparative advantage over Italy.

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

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