Laos (LAO) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Laos-Greece Trade: In 2023, Laos exported $455k to Greece. The main products that Laos exported to Greece were Industrial Fatty Acids, Oils and Alcohols ($331k), Leather Footwear ($122k), and Printed Circuit Boards ($1.55k). Over the past 5 years the exports of Laos to Greece have increased at an annualized rate of 45%, from $71k in 2018 to $455k in 2023.

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

Greece-Laos Trade: In 2023, Greece exported $686k to Laos. The main products that Greece exported to Laos were Recovered Paper ($364k), Raw Tobacco ($220k), and Animal Meal and Pellets ($91.2k). Over the past 5 years the exports of Greece to Laos have increased at an annualized rate of 278%, from $890 in 2018 to $686k in 2023.

In 2023, Greece 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, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Laos exported $455k to Greece. The main products exported from Laos to Greece were Industrial Fatty Acids, Oils and Alcohols ($331k), Leather Footwear ($122k), and Printed Circuit Boards ($1.55k). During the last 5 years the exports of Laos to Greece have increased at an annualized rate of 45%, from $71k in 2018 to $455k in 2023.

In 2018, Greece exported $686k to Laos. The main products exported from Greece to Laos were Recovered Paper ($364k), Raw Tobacco ($220k), and Animal Meal and Pellets ($91.2k). During the last 5 years the exports of Greece to Laos have increased at an annualized rate of 278%, from $890 in 2023 to $686k in 2018.

Exports from Laos () to Greece () (2023)

Exports from Greece () to Laos () (2023)

Latest Data

Trade between Laos () and Greece ()

Laos Exports

Date

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationChina$3.41B

Greece
Top DestinationItaly$6.21B

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

In 2023, countries that imported more from Laos than Greece included Thailand ($2.99B), China ($3.41B), and Cambodia ($190M).

In 2023, countries that imported more from Greece than Laos included Italy ($6.21B), Cyprus ($3.03B), and Germany ($3.06B).

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

Comparative Advantage Laos - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Laos had a large net trade with Greece in the exports of Chemical Products ($331k), Footwear and Headwear ($122k), and Machines ($2.16k).

During 2018, Greece had a large net trade with Laos in the exports of Paper Goods ($364k), Foodstuffs ($311k), and Mineral Products ($7.9k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Greece+$323kLeather Footwear

Top Product Potential Greece Laos+$1.43MRefined Petroleum

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 Greece. This means that a dot/product with the flag of Laos indicates it has a comparative advantage over Greece. Similarly, a dot/product with the flag of Greece indicates it has a comparative advantage over Laos.

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Greece () (2023)

Exports from Greece () to Laos () (2023)

Latest Data

Trade between Laos () and Greece ()

Laos Exports

Greece Exports

Market Competitiveness

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

Comparative Advantage Laos - Greece

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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