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Pricing

2022
Flag → Flag
Exports $19.4kRnk 196 / 209
2022
Flag → Flag
Top Product $7.29kOther Heating Machinery
2022
Flag → Flag
Exports $7.42MRnk 34 / 125
2022
Flag → Flag
Top Product $3.79MNon-Knit Men's Suits
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.79Rnk 100 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 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 $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$2,088CURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 59 / 186

About

Norway-Laos Trade: In 2022, Norway exported $19.4k to Laos. The main products that Norway exported to Laos were Other Heating Machinery ($7.29k), Other Rubber Products ($4.06k), and Computers ($3.23k). Over the past 5 years the exports of Norway to Laos have decreased at an annualized rate of 43.7%, from $341k in 2017 to $19.4k in 2022.

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

Laos-Norway Trade: In 2022, Laos exported $7.42M to Norway. The main products that Laos exported to Norway were Non-Knit Men's Suits ($3.79M), Leather Footwear ($1.21M), and Non-Knit Women's Suits ($517k). Over the past 5 years the exports of Laos to Norway have increased at an annualized rate of 6.21%,  from $1.64M in 2017 to $7.42M in 2022.

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

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B).

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK50k and imported NOK6.21M from Laos, resulting in a negative trade balance of NOK6.16M. Between July 2023 and July 2024 the exports of Norway have increased by NOK11k (28.2%) from NOK39k to NOK50k, while imports increased by NOK598k (10.6%) from NOK5.62M to NOK6.21M.

Trade In July 2024, the top exports of Norway to Laos were Plastics in non-primary forms (NOK9k), Manufactures of metals, n.e.s. (NOK5k), Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), and Dairy products and birds' eggs (NOK0). In July 2024 the top imports of Norway from Laos were Articles of apparel and clothing accessories (NOK5.12M), Footwear (NOK993k), Telecommunications and sound-recording and reproducing apparatus... (NOK12k), Manufactures of metals, n.e.s. (NOK2k), and Miscellaneous manufactured articles, n.e.s. (NOK2k).

Growth In July 2024, the increase in Norway's year-by-year exports to Laos was explained primarily by an increase in product exports in . In July 2024, the increase in Norway's year-by-year imports  from Laos was explained primarily by an increase in product imports  in Articles of apparel and clothing accessories (NOK1.73M or 51%), Footwear (NOK745k or 300%), and Telecommunications and sound-recording and reproducing apparatus... (NOK1k or 9.09%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)NOK11k(28.2%)
IMPORT GROWTH (July 2023 - July 2024)NOK598k(10.6%)

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

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

For full datasets download visit Bulk Download page.

Explore Laos and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $19.4k to Laos. The main products exported from Norway to Laos were Other Heating Machinery ($7.29k), Other Rubber Products ($4.06k), and Computers ($3.23k). During the last 5 years the exports of Norway to Laos have decreased at an annualized rate of 43.7%, from $341k in 2017 to $19.4k in 2022.

In 2017, Laos exported $7.42M to Norway. The main products exported from Laos to Norway were Non-Knit Men's Suits ($3.79M), Leather Footwear ($1.21M), and Non-Knit Women's Suits ($517k). During the last 5 years the exports of Laos to Norway have increased at an annualized rate of 6.21%, from $1.64M in 2022 to $7.42M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Laos
Top DestinationThailand$3.29B

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

In 2022, countries that imported more from Norway than Laos included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

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

Comparative Advantage Norway - Laos

Flow
Scale

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

During 2022, Norway had a large net trade with Laos in the exports of Machines ($10.5k), Plastics and Rubbers ($4.06k), and Instruments ($3.73k).

During 2017, Laos had a large net trade with Norway in the exports of Textiles ($5.96M), Footwear and Headwear ($1.35M), and Machines ($71.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Laos+$21.2kComputers
Top Product Potential Laos Norway+$1.09MNon-Knit Men'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 Norway and Laos. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Laos. Similarly, a dot/product with the flag of Laos indicates it has a comparative advantage over Norway.

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

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