Laos (LAO) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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Laos-North Macedonia Trade: In 2022, Laos exported $118k to North Macedonia. The main products that Laos exported to North Macedonia were Textile Footwear ($43.2k), Rubber Footwear ($33k), and Leather Footwear ($18.6k). Over the past 5 years the exports of Laos to North Macedonia have increased at an annualized rate of 49.7%, from $15.6k in 2017 to $118k in 2022.

In 2022, Laos did not export any services to North Macedonia.

North Macedonia-Laos Trade: In 2022, North Macedonia exported $291 to Laos. The main products that North Macedonia exported to Laos were Broadcasting Equipment ($291). Over the past 5 years the exports of North Macedonia to Laos have increased at an annualized rate of 24.3%, from $98 in 2017 to $291 in 2022.

In 2022, North Macedonia 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, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Laos exported $118k to North Macedonia. The main products exported from Laos to North Macedonia were Textile Footwear ($43.2k), Rubber Footwear ($33k), and Leather Footwear ($18.6k). During the last 5 years the exports of Laos to North Macedonia have increased at an annualized rate of 49.7%, from $15.6k in 2017 to $118k in 2022.

In 2017, North Macedonia exported $291 to Laos. The main products exported from North Macedonia to Laos were Broadcasting Equipment ($291). During the last 5 years the exports of North Macedonia to Laos have increased at an annualized rate of 24.3%, from $98 in 2022 to $291 in 2017.

Exports from Laos () to North Macedonia () (2022)

Exports from North Macedonia () to Laos () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationThailand$3.29B

North Macedonia
Top DestinationGermany$3.96B

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

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

In 2022, countries that imported more from North Macedonia than Laos included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

Difference in imports from North Macedonia () and Laos () (2022)

Comparative Advantage Laos - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Laos had a large net trade with North Macedonia in the exports of Footwear and Headwear ($100k), Textiles ($11.1k), and Machines ($5.92k).

During 2017, North Macedonia had a large net trade with Laos in the exports of Machines ($291).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos North Macedonia+$46.2kLeather Footwear

Top Product Potential North Macedonia Laos+$3.32kTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to North Macedonia () (2022)

Exports from North Macedonia () to Laos () (2022)

Market Competitiveness

Difference in imports from North Macedonia () and Laos () (2022)

Comparative Advantage Laos - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Laos () and North Macedonia () (2022)

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