Laos (LAO) and Oman (OMN) Trade | The Observatory of Economic Complexity

About

Laos-Oman Trade: In 2023, Laos exported $3.21k to Oman. The main products that Laos exported to Oman were Broadcasting Equipment ($3.15k) and Leather Footwear ($57). Over the past 5 years the exports of Laos to Oman have increased at an annualized rate of 37.1%, from $663 in 2018 to $3.21k in 2023.

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

Oman-Laos In N/A, Oman did not export any products to Laos.

In 2023, Oman 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, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Laos exported $3.21k to Oman. The main products exported from Laos to Oman were Broadcasting Equipment ($3.15k) and Leather Footwear ($57). During the last 5 years the exports of Laos to Oman have increased at an annualized rate of 37.1%, from $663 in 2018 to $3.21k in 2023.

Oman does not register exports to Laos. The main products exported from Oman to Laos were Motor vehicles; parts and accessories (8701 to 8705) ($5.22k), Electrical Lighting and Signalling Equipment ($614), and Electrical Ignitions ($567).

Exports from Laos () to Oman () (2023)

Exports from Oman () to Laos () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationChina$3.41B

Oman
Top DestinationChina$30.2B

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

In 2023, countries that imported more from Laos than Oman included Thailand ($2.99B), Australia ($367M), and Cambodia ($190M).

In 2023, countries that imported more from Oman than Laos included China ($30.2B), India ($4.5B), and Saudi Arabia ($3.64B).

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

Comparative Advantage Laos - Oman

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Laos had a large net trade with Oman in the exports of Machines ($3.15k) and Footwear and Headwear ($57).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Oman+$3.78kGold

Top Product Potential Oman Laos+$4.57kRefined 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.

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

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Oman () (2023)

Exports from Oman () to Laos () (2023)

Market Competitiveness

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

Comparative Advantage Laos - Oman

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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