Laos (LAO) and Armenia (ARM) Trade | The Observatory of Economic Complexity

About

Laos-Armenia Trade: In 2023, Laos exported $484k to Armenia. The main products that Laos exported to Armenia were Textile Footwear ($167k), Rubber Footwear ($111k), and Leather Footwear ($77.6k). Over the past 5 years the exports of Laos to Armenia have increased at an annualized rate of 35.7%, from $105k in 2018 to $484k in 2023.

In 2023, Laos did not export any services to Armenia.

Armenia-Laos In N/A, Armenia did not export any products to Laos.

In 2023, Armenia did not export any services to Laos.

Comparison: In 2023, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Laos exported $484k to Armenia. The main products exported from Laos to Armenia were Textile Footwear ($167k), Rubber Footwear ($111k), and Leather Footwear ($77.6k). During the last 5 years the exports of Laos to Armenia have increased at an annualized rate of 35.7%, from $105k in 2018 to $484k in 2023.

Armenia does not register exports to Laos. The main products exported from Armenia to Laos were Hard Liquor ($192k) and Interior Decorative Glassware ($111).

Exports from Laos () to Armenia () (2023)

Exports from Armenia () to Laos () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationChina$3.41B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Laos than Armenia included China ($3.41B), Thailand ($2.99B), and Australia ($367M).

In 2023, countries that imported more from Armenia than Laos included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

Difference in imports from Armenia () and Laos () (2023)

Comparative Advantage Laos - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Laos had a large net trade with Armenia in the exports of Footwear and Headwear ($356k), Textiles ($122k), and Machines ($4.9k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Armenia+$79.7kLeather Footwear

Top Product Potential Armenia Laos+$118kHard Liquor

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Armenia () (2023)

Exports from Armenia () to Laos () (2023)

Market Competitiveness

Difference in imports from Armenia () and Laos () (2023)

Comparative Advantage Laos - Armenia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Laos () and Armenia () (2023)

Keep Exploring