Laos (LAO) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

About

Laos-Madagascar Trade: In 2023, Laos exported $2.68k to Madagascar. The main products that Laos exported to Madagascar were Video Recording Equipment ($2.68k). Over the past 6 years the exports of Laos to Madagascar have decreased at an annualized rate of 66.8%, from $2.01M in 2017 to $2.68k in 2023.

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

Madagascar-Laos Trade: In 2023, Madagascar exported $92.6k to Laos. The main products that Madagascar exported to Laos were N/A. Over the past 6 years the exports of Madagascar to Laos have increased at an annualized rate of 28.1%, from $1.08k in 2017 to $92.6k in 2023.

In 2023, Madagascar 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, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Laos exported $2.68k to Madagascar. The main products exported from Laos to Madagascar were Video Recording Equipment ($2.68k). During the last 6 years the exports of Laos to Madagascar have decreased at an annualized rate of 66.8%, from $2.01M in 2017 to $2.68k in 2023.

In 2015, Madagascar exported $92.6k to Laos. There were not main exports from Madagascar to Laos in 2015. During the last 5 years the exports of Madagascar to Laos have increased at an annualized rate of 28.1%, from $1.08k in 2020 to $92.6k in 2015.

Exports from Laos () to Madagascar () (2023)

Exports from Madagascar () to Laos () (2023)

Latest Data

Trade between Laos () and Madagascar ()

Laos Exports

Date

Nov 2019

Oct 2019

Aug 2019

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationChina$3.41B

Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Laos than Madagascar included China ($3.41B), Thailand ($2.99B), and Australia ($367M).

In 2023, countries that imported more from Madagascar than Laos included France ($641M), United States ($669M), and South Korea ($271M).

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

Comparative Advantage Laos - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Laos had a large net trade with Madagascar in the exports of Machines ($2.68k).

During 2015, Madagascar had a large net trade with Laos in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Madagascar+$1.81kRice

Top Product Potential Madagascar Laos+$2.37kRefined 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Madagascar () (2023)

Exports from Madagascar () to Laos () (2023)

Latest Data

Trade between Laos () and Madagascar ()

Laos Exports

Madagascar Exports

Market Competitiveness

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

Comparative Advantage Laos - Madagascar

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring