Laos (LAO) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Laos-Italy Trade: In 2022, Laos exported $9.35M to Italy. The main products that Laos exported to Italy were Textile Footwear ($2.65M), Knit Men's Undergarments ($2.49M), and Knit T-shirts ($1.36M). Over the past 5 years the exports of Laos to Italy have decreased at an annualized rate of 18.9%, from $26.7M in 2017 to $9.35M in 2022.

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

Italy-Laos Trade: In 2022, Italy exported $13.3M to Laos. The main products that Italy exported to Laos were Pig Meat ($4.22M), Recovered Paper ($3.3M), and Tanned Equine and Bovine Hides ($1.39M). Over the past 5 years the exports of Italy to Laos have decreased at an annualized rate of 4.66%, from $22.5M in 2017 to $13.3M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Laos exported $9.35M to Italy. The main products exported from Laos to Italy were Textile Footwear ($2.65M), Knit Men's Undergarments ($2.49M), and Knit T-shirts ($1.36M). During the last 5 years the exports of Laos to Italy have decreased at an annualized rate of 18.9%, from $26.7M in 2017 to $9.35M in 2022.

In 2017, Italy exported $13.3M to Laos. The main products exported from Italy to Laos were Pig Meat ($4.22M), Recovered Paper ($3.3M), and Tanned Equine and Bovine Hides ($1.39M). During the last 5 years the exports of Italy to Laos have decreased at an annualized rate of 4.66%, from $22.5M in 2022 to $13.3M in 2017.

Exports from Laos () to Italy () (2022)

Exports from Italy () to Laos () (2022)

Latest Data

Trade between Laos () and Italy ()

Laos Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationThailand$3.29B

Italy
Top DestinationGermany$78.5B

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

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

In 2022, countries that imported more from Italy than Laos included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Laos - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Laos had a large net trade with Italy in the exports of Textiles ($4.56M), Footwear and Headwear ($3.3M), and Vegetable Products ($1.47M).

During 2017, Italy had a large net trade with Laos in the exports of Animal Products ($4.38M), Paper Goods ($3.3M), and Textiles ($2.43M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Italy+$2.01MCoffee

Top Product Potential Italy Laos+$733kLeather of Other Animals

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

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Italy () (2022)

Exports from Italy () to Laos () (2022)

Latest Data

Trade between Laos () and Italy ()

Laos Exports

Italy Exports

Market Competitiveness

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

Comparative Advantage Laos - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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