2022
Flag  
GDP
$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP GROWTH
54.3%CURRENT US$
Rnk 52 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$2,088CURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 59 / 186
2022
Flag
GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Laos-Norway Trade: In 2022, Laos exported $7.42M to Norway. The main products that Laos exported to Norway were Non-Knit Men's Suits ($3.79M), Leather Footwear ($1.21M), and Non-Knit Women's Suits ($517k). Over the past 5 years the exports of Laos to Norway have increased at an annualized rate of 35.2%, from $1.64M in 2017 to $7.42M in 2022.

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

Norway-Laos Trade: In 2022, Norway exported $19.4k to Laos. The main products that Norway exported to Laos were Other Heating Machinery ($7.29k), Other Rubber Products ($4.06k), and Computers ($3.23k). Over the past 5 years the exports of Norway to Laos have decreased at an annualized rate of 43.7%,  from $341k in 2017 to $19.4k in 2022.

In 2022, Norway 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, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Laos exported $7.42M to Norway. The main products exported from Laos to Norway were Non-Knit Men's Suits ($3.79M), Leather Footwear ($1.21M), and Non-Knit Women's Suits ($517k). During the last 5 years the exports of Laos to Norway have increased at an annualized rate of 35.2%, from $1.64M in 2017 to $7.42M in 2022.

In 2017, Norway exported $19.4k to Laos. The main products exported from Norway to Laos were Other Heating Machinery ($7.29k), Other Rubber Products ($4.06k), and Computers ($3.23k). During the last 5 years the exports of Norway to Laos have decreased at an annualized rate of 43.7%, from $341k in 2022 to $19.4k in 2017.

Exports from Laos (Flag) to Norway (Flag) (2022)

Exports from Norway (Flag) to Laos (Flag) (2022)

Latest Data

Trade between Laos (Flag) and Norway (Flag)

Norway Exports

Market Competitiveness

Color
Laos
Top Destination
Thailand$3.29B
Norway
Top Destination
Germany$78.1B

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 2022, countries that imported more from Laos than Norway included Thailand ($3.29B), Vietnam ($978M), and Cambodia ($207M).

In 2022, countries that imported more from Norway than Laos included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

Difference in imports from Norway (Flag) and Laos (Flag) (2022)

Comparative Advantage Laos - Norway

Flow
Scale

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

During 2022, Laos had a large net trade with Norway in the exports of Textiles ($5.96M), Footwear and Headwear ($1.35M), and Machines ($71.1k).

During 2017, Norway had a large net trade with Laos in the exports of Machines ($10.5k), Plastics and Rubbers ($4.06k), and Instruments ($3.73k).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

Product Space of Laos (Flag) and Norway (Flag) (2022)

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