2022
Flag  
GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP
$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP GROWTH
54.3%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC 
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC
$2,088CURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 59 / 186

About

India-Laos Trade: In 2022, India exported $16.9M to Laos. The main products that India exported to Laos were Cars ($6.52M), Packaged Medicaments ($3M), and Vaccines, blood, antisera, toxins and cultures ($2.29M). Over the past 5 years the exports of India to Laos have decreased at an annualized rate of 18.4%, from $46.8M in 2017 to $16.9M in 2022.

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

Laos-India Trade: In 2022, Laos exported $57.5M to India. The main products that Laos exported to India were Gold ($42.4M), Silver ($14M), and Coffee ($343k). Over the past 5 years the exports of Laos to India have decreased at an annualized rate of 32.3%,  from $405M in 2017 to $57.5M in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). 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, India exported $16.9M to Laos. The main products exported from India to Laos were Cars ($6.52M), Packaged Medicaments ($3M), and Vaccines, blood, antisera, toxins and cultures ($2.29M). During the last 5 years the exports of India to Laos have decreased at an annualized rate of 18.4%, from $46.8M in 2017 to $16.9M in 2022.

In 2017, Laos exported $57.5M to India. The main products exported from Laos to India were Gold ($42.4M), Silver ($14M), and Coffee ($343k). During the last 5 years the exports of Laos to India have decreased at an annualized rate of 32.3%, from $405M in 2022 to $57.5M in 2017.

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

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

Market Competitiveness

Color
India
Top Destination
United States$82.9B
Laos
Top Destination
Thailand$3.29B

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

In 2022, countries that imported more from India than Laos included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

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

Comparative Advantage India - Laos

Flow
Scale

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

During 2022, India had a large net trade with Laos in the exports of Transportation ($6.68M), Chemical Products ($5.85M), and Machines ($1.44M).

During 2017, Laos had a large net trade with India in the exports of Precious Metals ($56.3M), Vegetable Products ($654k), and Wood Products ($318k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Laos+$7.15MCars
Top Product Potential Laos India+$60.9MGold

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

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

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