Laos (LAO) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Laos-Belgium Trade: In 2022, Laos exported $32.3M to Belgium. The main products that Laos exported to Belgium were Diamonds ($22.3M), Rice ($5.91M), and Coffee ($3.04M). Over the past 5 years the exports of Laos to Belgium have increased at an annualized rate of 28.5%, from $9.2M in 2017 to $32.3M in 2022.

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

Belgium-Laos Trade: In 2022, Belgium exported $16.6M to Laos. The main products that Belgium exported to Laos were Diamonds ($10.5M), Malt ($2.4M), and Vaccines, blood, antisera, toxins and cultures ($2.01M). Over the past 5 years the exports of Belgium to Laos have decreased at an annualized rate of 7.15%, from $24.1M in 2017 to $16.6M in 2022.

In 2022, Belgium 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, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Laos exported $32.3M to Belgium. The main products exported from Laos to Belgium were Diamonds ($22.3M), Rice ($5.91M), and Coffee ($3.04M). During the last 5 years the exports of Laos to Belgium have increased at an annualized rate of 28.5%, from $9.2M in 2017 to $32.3M in 2022.

In 2017, Belgium exported $16.6M to Laos. The main products exported from Belgium to Laos were Diamonds ($10.5M), Malt ($2.4M), and Vaccines, blood, antisera, toxins and cultures ($2.01M). During the last 5 years the exports of Belgium to Laos have decreased at an annualized rate of 7.15%, from $24.1M in 2022 to $16.6M in 2017.

Exports from Laos () to Belgium () (2022)

Exports from Belgium () to Laos () (2022)

Latest Data

Trade between Laos () and Belgium ()

Laos Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationThailand$3.29B

Belgium
Top DestinationGermany$91.9B

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

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

In 2022, countries that imported more from Belgium than Laos included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

Difference in imports from Belgium () and Laos () (2022)

Comparative Advantage Laos - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Laos had a large net trade with Belgium in the exports of Precious Metals ($22.8M), Vegetable Products ($8.95M), and Textiles ($280k).

During 2017, Belgium had a large net trade with Laos in the exports of Precious Metals ($10.5M), Chemical Products ($2.41M), and Vegetable Products ($2.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Belgium+$2.31MCoffee

Top Product Potential Belgium Laos+$2.38MVaccines, blood, antisera, toxins and cultures

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Belgium () (2022)

Exports from Belgium () to Laos () (2022)

Latest Data

Trade between Laos () and Belgium ()

Laos Exports

Belgium Exports

Market Competitiveness

Difference in imports from Belgium () and Laos () (2022)

Comparative Advantage Laos - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Laos () and Belgium () (2022)

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