Turkey (TUR) and Laos (LAO) Trade | The Observatory of Economic Complexity

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Turkey-Laos Trade: In 2023, Turkey exported $5.64M to Laos. The main products that Turkey exported to Laos were Poultry Meat ($2.5M), Spices ($2.05M), and Insulated Wire ($290k). Over the past 5 years the exports of Turkey to Laos have decreased at an annualized rate of 9.83%, from $9.46M in 2018 to $5.64M in 2023.

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

Laos-Turkey Trade: In 2023, Laos exported $8.89M to Turkey. The main products that Laos exported to Turkey were Other Synthetic Fabrics ($1.84M), Light Synthetic Cotton Fabrics ($1.77M), and Rubber Footwear ($1.48M). Over the past 5 years the exports of Laos to Turkey have increased at an annualized rate of 5.19%, from $6.91M in 2018 to $8.89M in 2023.

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

Comparison: In 2023, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). 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, Turkey exported $5.64M to Laos. The main products exported from Turkey to Laos were Poultry Meat ($2.5M), Spices ($2.05M), and Insulated Wire ($290k). During the last 5 years the exports of Turkey to Laos have decreased at an annualized rate of 9.83%, from $9.46M in 2018 to $5.64M in 2023.

In 2018, Laos exported $8.89M to Turkey. The main products exported from Laos to Turkey were Other Synthetic Fabrics ($1.84M), Light Synthetic Cotton Fabrics ($1.77M), and Rubber Footwear ($1.48M). During the last 5 years the exports of Laos to Turkey have increased at an annualized rate of 5.19%, from $6.91M in 2023 to $8.89M in 2018.

Exports from Turkey () to Laos () (2023)

Exports from Laos () to Turkey () (2023)

Latest Data

Trade between Turkey () and Laos ()

Turkey Exports

Date

Laos Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$24.7B

Laos
Top DestinationChina$3.41B

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

In 2023, countries that imported more from Turkey than Laos included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

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

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

Comparative Advantage Turkey - Laos

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Turkey had a large net trade with Laos in the exports of Animal Products ($2.5M), Vegetable Products ($2.05M), and Machines ($408k).

During 2018, Laos had a large net trade with Turkey in the exports of Textiles ($4.73M), Footwear and Headwear ($2.55M), and Mineral Products ($997k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Turkey Laos+$827kMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Laos Turkey+$751kLeather 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 Turkey and Laos. This means that a dot/product with the flag of Turkey indicates it has a comparative advantage over Laos. Similarly, a dot/product with the flag of Laos indicates it has a comparative advantage over Turkey.

About

Historical Data

Bilateral Trade by Products

Exports from Turkey () to Laos () (2023)

Exports from Laos () to Turkey () (2023)

Latest Data

Trade between Turkey () and Laos ()

Turkey Exports

Laos Exports

Market Competitiveness

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

Comparative Advantage Turkey - Laos

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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