Laos (LAO) and Romania (ROU) Trade | The Observatory of Economic Complexity

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Laos-Romania Trade: In 2023, Laos exported $23M to Romania. The main products that Laos exported to Romania were Raw Sugar ($21.5M), Potassic Fertilizers ($1.06M), and Coffee ($350k). Over the past 7 years the exports of Laos to Romania have increased at an annualized rate of 33.7%, from $3M in 2016 to $23M in 2023.

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

Romania-Laos Trade: In 2023, Romania exported $21.4k to Laos. The main products that Romania exported to Laos were Machinery Having Individual Functions ($11.4k), Low-voltage Protection Equipment ($5.37k), and Eyewear ($3.19k). Over the past 7 years the exports of Romania to Laos have decreased at an annualized rate of 36%, from $200k in 2016 to $21.4k in 2023.

In 2023, Romania 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, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Laos exported $23M to Romania. The main products exported from Laos to Romania were Raw Sugar ($21.5M), Potassic Fertilizers ($1.06M), and Coffee ($350k). During the last 7 years the exports of Laos to Romania have increased at an annualized rate of 33.7%, from $3M in 2016 to $23M in 2023.

In 2018, Romania exported $21.4k to Laos. The main products exported from Romania to Laos were Machinery Having Individual Functions ($11.4k), Low-voltage Protection Equipment ($5.37k), and Eyewear ($3.19k). During the last 5 years the exports of Romania to Laos have decreased at an annualized rate of 36%, from $200k in 2023 to $21.4k in 2018.

Exports from Laos () to Romania () (2023)

Exports from Romania () to Laos () (2023)

Latest Data

Trade between Laos () and Romania ()

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationChina$3.41B

Romania
Top DestinationGermany$19.9B

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

In 2023, countries that imported more from Laos than Romania included Thailand ($2.99B), China ($3.41B), and Cambodia ($190M).

In 2023, countries that imported more from Romania than Laos included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

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

Comparative Advantage Laos - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Laos had a large net trade with Romania in the exports of Foodstuffs ($21.5M), Chemical Products ($1.06M), and Vegetable Products ($350k).

During 2018, Romania had a large net trade with Laos in the exports of Machines ($16.8k), Instruments ($3.19k), and Miscellaneous ($1.14k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Romania+$5.99kElectricity

Top Product Potential Romania Laos+$52.5kComputers

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

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Romania () (2023)

Exports from Romania () to Laos () (2023)

Latest Data

Trade between Laos () and Romania ()

Romania Exports

Market Competitiveness

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

Comparative Advantage Laos - Romania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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