Sri Lanka (LKA) and Laos (LAO) Trade | The Observatory of Economic Complexity

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Sri Lanka-Laos Trade: In 2023, Sri Lanka exported $60.9k to Laos. The main products that Sri Lanka exported to Laos were Cereal Flours ($13.9k), Pepper ($9.47k), and Rice ($9.05k). Over the past 6 years the exports of Sri Lanka to Laos have decreased at an annualized rate of 19.6%, from $226k in 2017 to $60.9k in 2023.

In 2023, Sri Lanka did not export any services to Laos.

Laos-Sri Lanka Trade: In 2023, Laos exported $4.05M to Sri Lanka. The main products that Laos exported to Sri Lanka were Potassic Fertilizers ($3.88M), Nitrogenous Fertilizers ($124k), and Raw Sugar ($22.1k). Over the past 6 years the exports of Laos to Sri Lanka have increased at an annualized rate of 91.5%, from $157k in 2017 to $4.05M in 2023.

In 2023, Laos did not export any services to Sri Lanka.

Comparison: In 2023, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B). That same year, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Sri Lanka exported $60.9k to Laos. The main products exported from Sri Lanka to Laos were Cereal Flours ($13.9k), Pepper ($9.47k), and Rice ($9.05k). During the last 6 years the exports of Sri Lanka to Laos have decreased at an annualized rate of 19.6%, from $226k in 2017 to $60.9k in 2023.

In 2018, Laos exported $4.05M to Sri Lanka. The main products exported from Laos to Sri Lanka were Potassic Fertilizers ($3.88M), Nitrogenous Fertilizers ($124k), and Raw Sugar ($22.1k). During the last 5 years the exports of Laos to Sri Lanka have increased at an annualized rate of 91.5%, from $157k in 2023 to $4.05M in 2018.

Exports from Sri Lanka () to Laos () (2023)

Exports from Laos () to Sri Lanka () (2023)

Latest Data

Trade between Sri Lanka () and Laos ()

Laos Exports

Date

Jul 2019

Apr 2019

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$2.98B

Laos
Top DestinationChina$3.41B

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

In 2023, countries that imported more from Sri Lanka than Laos included United States ($2.98B), India ($991M), and United Kingdom ($900M).

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

Difference in imports from Laos () and Sri Lanka () (2023)

Comparative Advantage Sri Lanka - Laos

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Sri Lanka had a large net trade with Laos in the exports of Vegetable Products ($35.6k), Chemical Products ($17.2k), and Textiles ($5.34k).

During 2018, Laos had a large net trade with Sri Lanka in the exports of Chemical Products ($4.01M), Foodstuffs ($23.7k), and Machines ($14.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Sri Lanka Laos+$2.06kNon-Knit Women's Suits

Top Product Potential Laos Sri Lanka+$3.45kGold

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

About

Historical Data

Bilateral Trade by Products

Exports from Sri Lanka () to Laos () (2023)

Exports from Laos () to Sri Lanka () (2023)

Latest Data

Trade between Sri Lanka () and Laos ()

Laos Exports

Market Competitiveness

Difference in imports from Laos () and Sri Lanka () (2023)

Comparative Advantage Sri Lanka - Laos

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Sri Lanka () and Laos () (2023)

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