North Macedonia (MKD) and Laos (LAO) Trade | The Observatory of Economic Complexity

About

In N/A, North Macedonia did not export any services to Laos.

Laos-North Macedonia Trade: In N/A, Laos exported $118k to North Macedonia. The main products that Laos exported to North Macedonia were Textile Footwear ($43.2k), Rubber Footwear ($33k), and Leather Footwear ($18.6k). Over the past N/A years the exports of Laos to North Macedonia have increased at an annualized rate of 49.7%, from $15.6k in N/A to $118k in N/A.

In N/A, Laos did not export any services to North Macedonia.

Comparison: In 2022, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

North Macedonia does not register exports to Laos. The main products exported from North Macedonia to Laos were Broadcasting Equipment ($291).

In 2017, Laos exported $118k to North Macedonia. The main products exported from Laos to North Macedonia were Textile Footwear ($43.2k), Rubber Footwear ($33k), and Leather Footwear ($18.6k). During the last 5 years the exports of Laos to North Macedonia have increased at an annualized rate of 49.7%, from $15.6k in 2022 to $118k in 2017.

Exports from North Macedonia () to Laos () (2022)

Exports from Laos () to North Macedonia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$3.96B

Laos
Top DestinationThailand$3.29B

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

In 2022, countries that imported more from North Macedonia than Laos included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

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

Difference in imports from Laos () and North Macedonia () (2022)

Comparative Advantage North Macedonia - Laos

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2017, Laos had a large net trade with North Macedonia in the exports of Footwear and Headwear ($100k), Textiles ($11.1k), and Machines ($5.92k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential North Macedonia Laos+$3.32kTelephones

Top Product Potential Laos North Macedonia+$46.2kLeather Footwear

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

About

Historical Data

Bilateral Trade by Products

Exports from North Macedonia () to Laos () (2022)

Exports from Laos () to North Macedonia () (2022)

Market Competitiveness

Difference in imports from Laos () and North Macedonia () (2022)

Comparative Advantage North Macedonia - Laos

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of North Macedonia () and Laos () (2022)

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