2022
Flag  
GDP
$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP GROWTH
54.3%CURRENT US$
Rnk 52 / 186
2022
Flag
 GDP
$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH
83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC 
$2,088CURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 59 / 186
2022
Flag
GDP PC
$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH
92.5%CURRENT US$
Rnk 10 / 186

About

Laos-Armenia Trade: In 2022, Laos exported $480k to Armenia. The main products that Laos exported to Armenia were Textile Footwear ($229k), Knit Men's Undergarments ($83.9k), and Rubber Footwear ($56.3k). Over the past 5 years the exports of Laos to Armenia have increased at an annualized rate of 73.6%, from $30.4k in 2017 to $480k in 2022.

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

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

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

Comparison: In 2022,  Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Laos exported $480k to Armenia. The main products exported from Laos to Armenia were Textile Footwear ($229k), Knit Men's Undergarments ($83.9k), and Rubber Footwear ($56.3k). During the last 5 years the exports of Laos to Armenia have increased at an annualized rate of 73.6%, from $30.4k in 2017 to $480k in 2022.

Armenia does not register exports to Laos. The main products exported from Armenia to Laos were Hard Liquor ($210k).

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

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

Market Competitiveness

Color
Laos
Top Destination
Thailand$3.29B
Armenia
Top Destination
Russia$2.36B

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

In 2022, countries that imported more from Armenia than Laos included Russia ($2.36B), United Arab Emirates ($535M), and Georgia ($260M).

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

Comparative Advantage Laos - Armenia

Flow
Scale

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

During 2022, Laos had a large net trade with Armenia in the exports of Footwear and Headwear ($342k), Textiles ($121k), and Machines ($14.2k).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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