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Pricing

2022
Flag → Flag
Exports $58.8MRnk 16 / 125
2022
Flag → Flag
Top Product $17.6MLeather Footwear
2022
Flag → Flag
Exports $10.7MRnk 172 / 224
2022
Flag → Flag
Top Product $2.39MCars
2022
Flag
Economic Complexity (ECI) ECI -0.79Rnk 100 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP GROWTH54.3%CURRENT US$
Rnk 52 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $2,088CURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 59 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Laos-United Kingdom Trade: In 2022, Laos exported $58.8M to United Kingdom. The main products that Laos exported to United Kingdom were Leather Footwear ($17.6M), Rubber Footwear ($7.55M), and Non-Knit Men's Suits ($6.05M). Over the past 5 years the exports of Laos to United Kingdom have increased at an annualized rate of 15%, from $29.2M in 2017 to $58.8M in 2022.

In 2022, Laos did not export any services to United Kingdom.

United Kingdom-Laos Trade: In 2022, United Kingdom exported $10.7M to Laos. The main products that United Kingdom exported to Laos were Cars ($2.39M), Nonaqueous Paints ($1.91M), and Electric Generating Sets ($1.73M). Over the past 5 years the exports of United Kingdom to Laos have decreased at an annualized rate of 7.06%,  from $15.5M in 2017 to $10.7M in 2022.

In 2022, United Kingdom 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Laos exported $58.8M to United Kingdom. The main products exported from Laos to United Kingdom were Leather Footwear ($17.6M), Rubber Footwear ($7.55M), and Non-Knit Men's Suits ($6.05M). During the last 5 years the exports of Laos to United Kingdom have increased at an annualized rate of 15%, from $29.2M in 2017 to $58.8M in 2022.

In 2017, United Kingdom exported $10.7M to Laos. The main products exported from United Kingdom to Laos were Cars ($2.39M), Nonaqueous Paints ($1.91M), and Electric Generating Sets ($1.73M). During the last 5 years the exports of United Kingdom to Laos have decreased at an annualized rate of 7.06%, from $15.5M in 2022 to $10.7M in 2017.

Exports from Laos (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Laos (Flag) (2022)

Latest Data

Trade between Laos (Flag) and United Kingdom (Flag)

Laos Exports

United Kingdom Exports

Market Competitiveness

Color
Laos
Top DestinationThailand$3.29B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Laos than United Kingdom included Thailand ($3.29B), Cambodia ($207M), and Vietnam ($978M).

In 2022, countries that imported more from United Kingdom than Laos included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Laos (Flag) (2022)

Comparative Advantage Laos - United Kingdom

Flow
Scale

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

During 2022, Laos had a large net trade with United Kingdom in the exports of Footwear and Headwear ($27.9M), Textiles ($15.5M), and Machines ($13.5M).

During 2017, United Kingdom had a large net trade with Laos in the exports of Chemical Products ($2.86M), Transportation ($2.76M), and Machines ($2.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Laos United Kingdom+$9.45MTelephones
Top Product Potential United Kingdom Laos+$3.89MCars

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

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

Product Space of Laos (Flag) and United Kingdom (Flag) (2022)

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