2022
Flag  
GDP
$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP GROWTH
54.3%CURRENT US$
Rnk 52 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH
31.2%CURRENT US$
Rnk 97 / 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
$25,057CURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP PC GROWTH
1.35%CURRENT US$
Rnk 136 / 186

About

Laos-Oman Trade: In 2022, Laos exported $744 to Oman. The main products that Laos exported to Oman were Audio Alarms ($692) and Non-Knit Men's Undergarments ($52). Over the past 5 years the exports of Laos to Oman have decreased at an annualized rate of 65.9%, from $161k in 2017 to $744 in 2022.

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

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

In 2022, Oman 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, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Laos exported $744 to Oman. The main products exported from Laos to Oman were Audio Alarms ($692) and Non-Knit Men's Undergarments ($52). During the last 5 years the exports of Laos to Oman have decreased at an annualized rate of 65.9%, from $161k in 2017 to $744 in 2022.

Oman does not register exports to Laos.

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

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

Market Competitiveness

Color
Laos
Top Destination
Thailand$3.29B
Oman
Top Destination
China$30.4B

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

In 2022, countries that imported more from Oman than Laos included China ($30.4B), India ($8.15B), and South Korea ($4.64B).

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

Comparative Advantage Laos - Oman

Flow
Scale

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

During 2022, Laos had a large net trade with Oman in the exports of Machines ($692) and Textiles ($52).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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