Laos (LAO) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Laos-Norway Trade: In 2023, Laos exported $7.84M to Norway. The main products that Laos exported to Norway were Non-Knit Men's Suits ($3.98M), Non-Knit Men's Coats ($791k), and Leather Footwear ($649k). Over the past 5 years the exports of Laos to Norway have increased at an annualized rate of 36%, from $1.69M in 2018 to $7.84M in 2023.

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

Norway-Laos Trade: In 2023, Norway exported $935k to Laos. The main products that Norway exported to Laos were Cranes ($905k), Other Engines ($10.2k), and Transmissions ($7.47k). Over the past 5 years the exports of Norway to Laos have increased at an annualized rate of 8.14%, from $632k in 2018 to $935k in 2023.

In 2023, Norway 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, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Laos exported $7.84M to Norway. The main products exported from Laos to Norway were Non-Knit Men's Suits ($3.98M), Non-Knit Men's Coats ($791k), and Leather Footwear ($649k). During the last 5 years the exports of Laos to Norway have increased at an annualized rate of 36%, from $1.69M in 2018 to $7.84M in 2023.

In 2018, Norway exported $935k to Laos. The main products exported from Norway to Laos were Cranes ($905k), Other Engines ($10.2k), and Transmissions ($7.47k). During the last 5 years the exports of Norway to Laos have increased at an annualized rate of 8.14%, from $632k in 2023 to $935k in 2018.

Exports from Laos () to Norway () (2023)

Exports from Norway () to Laos () (2023)

Latest Data

Trade between Laos () and Norway ()

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationChina$3.41B

Norway
Top DestinationGermany$33.8B

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

In 2023, countries that imported more from Laos than Norway included Thailand ($2.99B), Cambodia ($190M), and Sao Tome and Principe ($25.6k).

In 2023, countries that imported more from Norway than Laos included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

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

Comparative Advantage Laos - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Laos had a large net trade with Norway in the exports of Textiles ($6.86M), Footwear and Headwear ($838k), and Machines ($71.5k).

During 2018, Norway had a large net trade with Laos in the exports of Machines ($927k), Plastics and Rubbers ($4.21k), and Metals ($2.28k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Norway+$1.09MNon-Knit Men's Suits

Top Product Potential Norway Laos+$21.2kComputers

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

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Norway () (2023)

Exports from Norway () to Laos () (2023)

Latest Data

Trade between Laos () and Norway ()

Norway Exports

Market Competitiveness

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

Comparative Advantage Laos - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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