Laos (LAO) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Laos-Russia Trade: In 2021, Laos exported $11.8M to Russia. The main products that Laos exported to Russia were N/A. Over the past 5 years the exports of Laos to Russia have decreased at an annualized rate of 15.9%, from $27.9M in 2016 to $11.8M in 2021.

In 2021, Laos did not export any services to Russia.

Russia-Laos Trade: In 2021, Russia exported $36M to Laos. The main products that Russia exported to Laos were N/A. Over the past 5 years the exports of Russia to Laos have increased at an annualized rate of 19.1%, from $15M in 2016 to $36M in 2021.

In 2020, Russia exported services to Laos worth $640k, with Transportation ($320k), Other business services ($230k), and Insurance services ($37k) being the largest in terms of value.

Comparison: In 2023, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Laos exported $11.8M to Russia. There were not main exports from Laos to Russia in 2021. During the last 5 years the exports of Laos to Russia have decreased at an annualized rate of 15.9%, from $27.9M in 2016 to $11.8M in 2021.

In 2016, Russia exported $36M to Laos. There were not main exports from Russia to Laos in 2016. During the last 5 years the exports of Russia to Laos have increased at an annualized rate of 19.1%, from $15M in 2021 to $36M in 2016.

Exports from Laos () to Russia () (2021)

Exports from Russia () to Laos () (2021)

Latest Data

Trade between Laos () and Russia ()

Laos Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationChina$3.41B

Russia
Top DestinationChina$129B

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

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

In 2023, countries that imported more from Russia than Laos included China ($129B), India ($66.1B), and Turkey ($31B).

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

Comparative Advantage Laos - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Laos had a large net trade with Russia in the exports of .

During 2016, Russia had a large net trade with Laos in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Russia+$5.51kTelephones

Top Product Potential Russia Laos+$7.68kRefined 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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Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Laos worth $640k, with Transportation ($320k), Other business services ($230k), and Insurance services ($37k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Laos () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Laos and Russia. This means that a dot/product with the flag of Laos indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Laos.

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Russia () (2021)

Exports from Russia () to Laos () (2021)

Latest Data

Trade between Laos () and Russia ()

Laos Exports

Russia Exports

Market Competitiveness

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

Comparative Advantage Laos - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Russia () to Laos () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Laos () and Russia () (2021)

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