Laos (LAO) and Serbia (SRB) Trade | The Observatory of Economic Complexity

About

Laos-Serbia Trade: In 2022, Laos exported $636k to Serbia. The main products that Laos exported to Serbia were Textile Footwear ($300k), Rubber Footwear ($105k), and Leather Footwear ($94.3k). Over the past 5 years the exports of Laos to Serbia have increased at an annualized rate of 18.8%, from $269k in 2017 to $636k in 2022.

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

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

In 2009, Serbia exported services to Laos worth $18.9k, with Compensation of employees ($12.2k) and Workers' remittances ($6.7k) being the largest in terms of value.

Comparison: In 2022, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Laos exported $636k to Serbia. The main products exported from Laos to Serbia were Textile Footwear ($300k), Rubber Footwear ($105k), and Leather Footwear ($94.3k). During the last 5 years the exports of Laos to Serbia have increased at an annualized rate of 18.8%, from $269k in 2017 to $636k in 2022.

Serbia does not register exports to Laos.

Exports from Laos () to Serbia () (2022)

Exports from Serbia () to Laos () (2022)

Latest Data

Trade between Laos () and Serbia ()

Serbia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationThailand$3.29B

Serbia
Top DestinationGermany$4B

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

In 2022, countries that imported more from Laos than Serbia included Thailand ($3.29B), China ($2.73B), and Vietnam ($978M).

In 2022, countries that imported more from Serbia than Laos included Germany ($4B), Bosnia and Herzegovina ($2.14B), and Italy ($2.1B).

Difference in imports from Serbia () and Laos () (2022)

Comparative Advantage Laos - Serbia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Laos had a large net trade with Serbia in the exports of Footwear and Headwear ($546k), Textiles ($50.1k), and Foodstuffs ($24.2k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Serbia+$200kLeather Footwear

Top Product Potential Serbia Laos+$3.17kRefined 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Serbia () (2022)

Exports from Serbia () to Laos () (2022)

Latest Data

Trade between Laos () and Serbia ()

Serbia Exports

Market Competitiveness

Difference in imports from Serbia () and Laos () (2022)

Comparative Advantage Laos - Serbia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Laos () and Serbia () (2022)

Keep Exploring