Laos (LAO) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Laos-Sweden Trade: In 2023, Laos exported $26M to Sweden. The main products that Laos exported to Sweden were Non-Knit Men's Suits ($16.4M), Non-Knit Women's Suits ($2.62M), and Non-Knit Men's Shirts ($1.57M). Over the past 5 years the exports of Laos to Sweden have decreased at an annualized rate of 1.03%, from $27.4M in 2018 to $26M in 2023.

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

Sweden-Laos Trade: In 2023, Sweden exported $1.01M to Laos. The main products that Sweden exported to Laos were Centrifuges ($335k), Liquid Pumps ($150k), and Other Measuring Instruments ($91.6k). Over the past 5 years the exports of Sweden to Laos have decreased at an annualized rate of 10.9%, from $4.49M in 2018 to $1.01M in 2023.

In 2023, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Laos exported $26M to Sweden. The main products exported from Laos to Sweden were Non-Knit Men's Suits ($16.4M), Non-Knit Women's Suits ($2.62M), and Non-Knit Men's Shirts ($1.57M). During the last 5 years the exports of Laos to Sweden have decreased at an annualized rate of 1.03%, from $27.4M in 2018 to $26M in 2023.

In 2018, Sweden exported $1.01M to Laos. The main products exported from Sweden to Laos were Centrifuges ($335k), Liquid Pumps ($150k), and Other Measuring Instruments ($91.6k). During the last 5 years the exports of Sweden to Laos have decreased at an annualized rate of 10.9%, from $4.49M in 2023 to $1.01M in 2018.

Exports from Laos () to Sweden () (2023)

Exports from Sweden () to Laos () (2023)

Latest Data

Trade between Laos () and Sweden ()

Laos Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationChina$3.41B

Sweden
Top DestinationGermany$18.4B

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

In 2023, countries that imported more from Laos than Sweden included Thailand ($2.99B), Cambodia ($190M), and Burma ($5.8M).

In 2023, countries that imported more from Sweden than Laos included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

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

Comparative Advantage Laos - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Laos had a large net trade with Sweden in the exports of Textiles ($25.1M), Vegetable Products ($626k), and Footwear and Headwear ($138k).

During 2018, Sweden had a large net trade with Laos in the exports of Machines ($700k), Instruments ($130k), and Textiles ($73.9k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Sweden+$1.09MNon-Knit Women's Suits

Top Product Potential Sweden Laos+$169kCentrifuges

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

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Sweden () (2023)

Exports from Sweden () to Laos () (2023)

Latest Data

Trade between Laos () and Sweden ()

Laos Exports

Sweden Exports

Market Competitiveness

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

Comparative Advantage Laos - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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