2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
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 Trade: In 2022, Italy exported $13.3M to Laos. The main products that Italy exported to Laos were Pig Meat ($4.22M), Recovered Paper ($3.3M), and Tanned Equine and Bovine Hides ($1.39M). Over the past 5 years the exports of Italy to Laos have decreased at an annualized rate of 9.97%, from $22.5M in 2017 to $13.3M in 2022.

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

Laos-Italy Trade: 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). Over the past 5 years the exports of Laos to Italy have decreased at an annualized rate of 18.9%,  from $26.7M in 2017 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

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 2022, countries that imported more from Italy than Laos included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Laos+$733kLeather of Other Animals
Top Product Potential Laos Italy+$2.01MCoffee

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Italy and Laos. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Laos. Similarly, a dot/product with the flag of Laos indicates it has a comparative advantage over Italy.

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with