Laos (LAO) and India (IND) Trade | The Observatory of Economic Complexity

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Laos-India Trade: In 2022, Laos exported $57.5M to India. The main products that Laos exported to India were Gold ($42.4M), Silver ($14M), and Coffee ($343k). Over the past 5 years the exports of Laos to India have decreased at an annualized rate of 32.3%, from $405M in 2017 to $57.5M in 2022.

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

India-Laos Trade: In 2022, India exported $16.9M to Laos. The main products that India exported to Laos were Cars ($6.52M), Packaged Medicaments ($3M), and Vaccines, blood, antisera, toxins and cultures ($2.29M). Over the past 5 years the exports of India to Laos have decreased at an annualized rate of 18.4%, from $46.8M in 2017 to $16.9M in 2022.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Laos exported $57.5M to India. The main products exported from Laos to India were Gold ($42.4M), Silver ($14M), and Coffee ($343k). During the last 5 years the exports of Laos to India have decreased at an annualized rate of 32.3%, from $405M in 2017 to $57.5M in 2022.

In 2017, India exported $16.9M to Laos. The main products exported from India to Laos were Cars ($6.52M), Packaged Medicaments ($3M), and Vaccines, blood, antisera, toxins and cultures ($2.29M). During the last 5 years the exports of India to Laos have decreased at an annualized rate of 18.4%, from $46.8M in 2022 to $16.9M in 2017.

Exports from Laos () to India () (2022)

Exports from India () to Laos () (2022)

Latest Data

Trade between Laos () and India ()

Laos Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationThailand$3.29B

India
Top DestinationUnited States$82.9B

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

In 2022, no countries were registered that imported more from Laos than from India.

In 2022, countries that imported more from India than Laos included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Comparative Advantage Laos - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Laos had a large net trade with India in the exports of Precious Metals ($56.3M), Vegetable Products ($654k), and Wood Products ($318k).

During 2017, India had a large net trade with Laos in the exports of Transportation ($6.68M), Chemical Products ($5.85M), and Machines ($1.44M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos India+$60.9MGold

Top Product Potential India Laos+$7.15MCars

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

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Historical Data

Bilateral Trade by Products

Exports from Laos () to India () (2022)

Exports from India () to Laos () (2022)

Latest Data

Trade between Laos () and India ()

Laos Exports

India Exports

Market Competitiveness

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

Comparative Advantage Laos - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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