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Pricing

2022
Flag → Flag
Exports $928kRnk 179 / 217
2022
Flag → Flag
Top Product $544kElectric Motors
2022
Flag → Flag
Exports $39.7MRnk 18 / 125
2022
Flag → Flag
Top Product $29.2MNon-Knit Men's Suits
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.79Rnk 100 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 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 $55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
Flag
GDP PC$2,088CURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 59 / 186

About

Sweden-Laos Trade: In 2022, Sweden exported $928k to Laos. The main products that Sweden exported to Laos were Electric Motors ($544k), Centrifuges ($87.3k), and Industrial Fatty Acids, Oils and Alcohols ($55.5k). Over the past 5 years the exports of Sweden to Laos have decreased at an annualized rate of 41.7%, from $13.8M in 2017 to $928k in 2022.

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

Laos-Sweden Trade: In 2022, Laos exported $39.7M to Sweden. The main products that Laos exported to Sweden were Non-Knit Men's Suits ($29.2M), Non-Knit Women's Suits ($3.7M), and Non-Knit Men's Coats ($1.68M). Over the past 5 years the exports of Laos to Sweden have increased at an annualized rate of 8.23%,  from $26.8M in 2017 to $39.7M in 2022.

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

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B).

Latest Trends

August, 2024

About

Overview In August 2024, Sweden exported SEK34k and imported SEK4.7M from Laos, resulting in a negative trade balance of SEK4.66M. Between August 2023 and August 2024 the exports of Sweden have decreased by SEK-1.32M (-97.5%) from SEK1.36M to SEK34k, while imports decreased by SEK-247k (-4.99%) from SEK4.95M to SEK4.7M.

Trade In August 2024, the top exports of Sweden to Laos were Silicone (SEK59k), Bi-Wheel Vehicle Parts (SEK39k), Buttons (SEK16k), Engine Parts (SEK12k), and Artificial Filament Sewing Thread (SEK8k). In August 2024 the top imports of Sweden from Laos were Non-Knit Men's Suits (SEK4.2M), Non-Knit Active Wear (SEK282k), Non-Knit Women's Suits (SEK265k), Other Non-Knit Clothing Accessories (SEK39k), and Knit Women's Shirts (SEK22k).

Growth In August 2024, the decrease in Sweden's year-by-year exports to Laos was explained primarily by an decrease in product exports in Buttons (SEK-17k or -51.5%). In August 2024, the decrease in Sweden's year-by-year imports  from Laos was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)SEK-1.32M(-97.5%)
IMPORT GROWTH (August 2023 - August 2024)SEK-247k(-4.99%)

This section shows exports and imports data at subnational level for Sweden. Click any date in the line plot or any product to explore the exports or imports behavior of Sweden over time.

To check Laos and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Laos and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $928k to Laos. The main products exported from Sweden to Laos were Electric Motors ($544k), Centrifuges ($87.3k), and Industrial Fatty Acids, Oils and Alcohols ($55.5k). During the last 5 years the exports of Sweden to Laos have decreased at an annualized rate of 41.7%, from $13.8M in 2017 to $928k in 2022.

In 2017, Laos exported $39.7M to Sweden. The main products exported from Laos to Sweden were Non-Knit Men's Suits ($29.2M), Non-Knit Women's Suits ($3.7M), and Non-Knit Men's Coats ($1.68M). During the last 5 years the exports of Laos to Sweden have increased at an annualized rate of 8.23%, from $26.8M in 2022 to $39.7M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Laos
Top DestinationThailand$3.29B

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

In 2022, countries that imported more from Sweden than Laos included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

In 2022, countries that imported more from Laos than Sweden included Thailand ($3.29B), Vietnam ($978M), and Cambodia ($207M).

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

Comparative Advantage Sweden - Laos

Flow
Scale

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

During 2022, Sweden had a large net trade with Laos in the exports of Machines ($774k), Chemical Products ($55.6k), and Textiles ($38.2k).

During 2017, Laos had a large net trade with Sweden in the exports of Textiles ($39.6M), Footwear and Headwear ($163k), and Machines ($24.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Laos+$169kCentrifuges
Top Product Potential Laos Sweden+$1.09MNon-Knit Women'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 Sweden and Laos. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Laos. Similarly, a dot/product with the flag of Laos indicates it has a comparative advantage over Sweden.

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

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