Vietnam (VNM) and Laos (LAO) Trade | The Observatory of Economic Complexity

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Vietnam-Laos Trade: In 2022, Vietnam exported $650M to Laos. The main products that Vietnam exported to Laos were Refined Petroleum ($126M), Other Fruits ($43.6M), and Motorcycles and cycles ($26.2M). Over the past 5 years the exports of Vietnam to Laos have increased at an annualized rate of 3.58%, from $545M in 2017 to $650M in 2022.

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

Laos-Vietnam Trade: In 2022, Laos exported $978M to Vietnam. The main products that Laos exported to Vietnam were Rubber ($212M), Electricity ($134M), and Sawn Wood ($122M). Over the past 5 years the exports of Laos to Vietnam have increased at an annualized rate of 3.68%, from $816M in 2017 to $978M in 2022.

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

Comparison: In 2022, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). 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

In 2022, Vietnam exported $650M to Laos. The main products exported from Vietnam to Laos were Refined Petroleum ($126M), Other Fruits ($43.6M), and Motorcycles and cycles ($26.2M). During the last 5 years the exports of Vietnam to Laos have increased at an annualized rate of 3.58%, from $545M in 2017 to $650M in 2022.

In 2017, Laos exported $978M to Vietnam. The main products exported from Laos to Vietnam were Rubber ($212M), Electricity ($134M), and Sawn Wood ($122M). During the last 5 years the exports of Laos to Vietnam have increased at an annualized rate of 3.68%, from $816M in 2022 to $978M in 2017.

Exports from Vietnam () to Laos () (2022)

Exports from Laos () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Laos ()

Laos Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$117B

Laos
Top DestinationThailand$3.29B

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

In 2022, countries that imported more from Vietnam than Laos included United States ($117B), China ($58.7B), and South Korea ($25.2B).

In 2022, no countries were registered that imported more from Laos than from Vietnam.

Difference in imports from Laos () and Vietnam () (2022)

Comparative Advantage Vietnam - Laos

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Vietnam had a large net trade with Laos in the exports of Mineral Products ($143M), Metals ($111M), and Vegetable Products ($78.6M).

During 2017, Laos had a large net trade with Vietnam in the exports of Mineral Products ($240M), Plastics and Rubbers ($234M), and Vegetable Products ($196M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Laos+$28.2MTelephones

Top Product Potential Laos Vietnam+$19.4MCassava

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

About

Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Laos () (2022)

Exports from Laos () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Laos ()

Laos Exports

Market Competitiveness

Difference in imports from Laos () and Vietnam () (2022)

Comparative Advantage Vietnam - Laos

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Vietnam () and Laos () (2022)

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