Laos (LAO) and Ukraine (UKR) Trade | The Observatory of Economic Complexity

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Laos-Ukraine Trade: In 2023, Laos exported $5.26M to Ukraine. The main products that Laos exported to Ukraine were Potassic Fertilizers ($5.02M), Coffee ($66.4k), and Other toys ($36.5k). Over the past 5 years the exports of Laos to Ukraine have increased at an annualized rate of 39%, from $1.01M in 2018 to $5.26M in 2023.

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

Ukraine-Laos Trade: In 2023, Ukraine exported $7.55k to Laos. The main products that Ukraine exported to Laos were Edible Offal ($7.55k). Over the past 5 years the exports of Ukraine to Laos have decreased at an annualized rate of 48.4%, from $206k in 2018 to $7.55k in 2023.

In 2023, Ukraine 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, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Laos exported $5.26M to Ukraine. The main products exported from Laos to Ukraine were Potassic Fertilizers ($5.02M), Coffee ($66.4k), and Other toys ($36.5k). During the last 5 years the exports of Laos to Ukraine have increased at an annualized rate of 39%, from $1.01M in 2018 to $5.26M in 2023.

In 2018, Ukraine exported $7.55k to Laos. The main products exported from Ukraine to Laos were Edible Offal ($7.55k). During the last 5 years the exports of Ukraine to Laos have decreased at an annualized rate of 48.4%, from $206k in 2023 to $7.55k in 2018.

Exports from Laos () to Ukraine () (2023)

Exports from Ukraine () to Laos () (2023)

Latest Data

Trade between Laos () and Ukraine ()

Ukraine Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationChina$3.41B

Ukraine
Top DestinationPoland$4.83B

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

In 2023, countries that imported more from Laos than Ukraine included Thailand ($2.99B), China ($3.41B), and Australia ($367M).

In 2023, countries that imported more from Ukraine than Laos included Poland ($4.83B), Romania ($3.56B), and Turkey ($2.88B).

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

Comparative Advantage Laos - Ukraine

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Laos had a large net trade with Ukraine in the exports of Chemical Products ($5.02M), Textiles ($68.5k), and Vegetable Products ($66.4k).

During 2018, Ukraine had a large net trade with Laos in the exports of Animal Products ($7.55k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Ukraine+$4.16kElectricity

Top Product Potential Ukraine Laos+$2.7kInsulated Wire

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

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Ukraine () (2023)

Exports from Ukraine () to Laos () (2023)

Latest Data

Trade between Laos () and Ukraine ()

Ukraine Exports

Market Competitiveness

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

Comparative Advantage Laos - Ukraine

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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