Laos (LAO) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Laos-Iceland Trade: In 2022, Laos exported $895k to Iceland. The main products that Laos exported to Iceland were Non-Knit Men's Suits ($429k), Medical Instruments ($138k), and Knit Women's Suits ($111k). Over the past 5 years the exports of Laos to Iceland have increased at an annualized rate of 0.018%, from $894k in 2017 to $895k in 2022.

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

Iceland-Laos Trade: In 2022, Iceland exported $846k to Laos. The main products that Iceland exported to Laos were N/A. Over the past 5 years the exports of Iceland to Laos have decreased at an annualized rate of 13.8%, from $1.78M in 2017 to $846k in 2022.

In 2022, Iceland 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Laos exported $895k to Iceland. The main products exported from Laos to Iceland were Non-Knit Men's Suits ($429k), Medical Instruments ($138k), and Knit Women's Suits ($111k). During the last 5 years the exports of Laos to Iceland have increased at an annualized rate of 0.018%, from $894k in 2017 to $895k in 2022.

In 2016, Iceland exported $846k to Laos. There were not main exports from Iceland to Laos in 2016. During the last 5 years the exports of Iceland to Laos have decreased at an annualized rate of 13.8%, from $1.78M in 2021 to $846k in 2016.

Exports from Laos () to Iceland () (2022)

Exports from Iceland () to Laos () (2022)

Latest Data

Trade between Laos () and Iceland ()

Laos Exports

Date

Jul 2019

Feb 2019

Jan 2019

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationThailand$3.29B

Iceland
Top DestinationNetherlands$1.97B

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

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

In 2022, countries that imported more from Iceland than Laos included Netherlands ($1.97B), United Kingdom ($672M), and Norway ($459M).

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

Comparative Advantage Laos - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Laos had a large net trade with Iceland in the exports of Textiles ($672k), Instruments ($138k), and Footwear and Headwear ($59.4k).

During 2016, Iceland had a large net trade with Laos in the exports of .

Potential Exports

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

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Historical Data

Bilateral Trade by Products

Exports from Laos () to Iceland () (2022)

Exports from Iceland () to Laos () (2022)

Latest Data

Trade between Laos () and Iceland ()

Laos Exports

Iceland Exports

Market Competitiveness

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

Comparative Advantage Laos - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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