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2022
Flag → Flag
Exports $14.6kRnk 186 / 196
2022
Flag → Flag
Top Product $7.75kFelt or Coated Fabric Garments
2022
Flag → Flag
Exports $4.22kRnk 109 / 125
2022
Flag → Flag
Top Product $1.61kNon-Knit Men's Suits
2022
Flag
Economic Complexity (ECI) ECI 0.93Rnk 30 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.79Rnk 100 / 133
2022
Flag  
GDP$70.3BCURRENT US$
Rnk 81 / 186
2012-2022
Flag
GDP GROWTH63.8%CURRENT US$
Rnk 38 / 186
2022
Flag
 GDP$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP GROWTH54.3%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC $24,827CURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP PC GROWTH72.8%CURRENT US$
Rnk 17 / 186
2022
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GDP PC$2,088CURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 59 / 186

About

Lithuania-Laos Trade: In 2022, Lithuania exported $14.6k to Laos. The main products that Lithuania exported to Laos were Felt or Coated Fabric Garments ($7.75k) and Light Rubberized Knitted Fabric ($6.86k). Over the past 6 years the exports of Lithuania to Laos have increased at an annualized rate of 44.7%, from $1.59k in 2016 to $14.6k in 2022.

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

Laos-Lithuania Trade: In 2022, Laos exported $4.22k to Lithuania. The main products that Laos exported to Lithuania were Non-Knit Men's Suits ($1.61k), Heavy Pure Woven Cotton ($1.1k), and Video Displays ($680). Over the past 6 years the exports of Laos to Lithuania have decreased at an annualized rate of 23.6%,  from $16.2k in 2016 to $4.22k in 2022.

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

Comparison: In 2022,  Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B). That same year, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Lithuania exported $14.6k to Laos. The main products exported from Lithuania to Laos were Felt or Coated Fabric Garments ($7.75k) and Light Rubberized Knitted Fabric ($6.86k). During the last 6 years the exports of Lithuania to Laos have increased at an annualized rate of 44.7%, from $1.59k in 2016 to $14.6k in 2022.

In 2017, Laos exported $4.22k to Lithuania. The main products exported from Laos to Lithuania were Non-Knit Men's Suits ($1.61k), Heavy Pure Woven Cotton ($1.1k), and Video Displays ($680). During the last 5 years the exports of Laos to Lithuania have decreased at an annualized rate of 23.6%, from $16.2k in 2022 to $4.22k in 2017.

Exports from Lithuania (Flag) to Laos (Flag) (2022)

Exports from Laos (Flag) to Lithuania (Flag) (2022)

Latest Data

Trade between Lithuania (Flag) and Laos (Flag)

Lithuania Exports

Market Competitiveness

Color
Lithuania
Top DestinationLatvia$6.18B
Laos
Top DestinationThailand$3.29B

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

In 2022, countries that imported more from Lithuania than Laos included Latvia ($6.18B), Poland ($3.91B), and Germany ($3.54B).

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

Difference in imports from Laos (Flag) and Lithuania (Flag) (2022)

Comparative Advantage Lithuania - Laos

Flow
Scale

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

During 2022, Lithuania had a large net trade with Laos in the exports of Textiles ($14.6k).

During 2017, Laos had a large net trade with Lithuania in the exports of Textiles ($3.52k), Machines ($680), and Footwear and Headwear ($26).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Lithuania Laos+$6.72kFelt or Coated Fabric Garments
Top Product Potential Laos Lithuania+$12.1kNon-Knit Men's Suits

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

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

Product Space of Lithuania (Flag) and Laos (Flag) (2022)

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