Armenia (ARM) and Laos (LAO) Trade | The Observatory of Economic Complexity

About

In N/A, Armenia did not export any services to Laos.

Laos-Armenia Trade: In N/A, Laos exported $480k to Armenia. The main products that Laos exported to Armenia were Textile Footwear ($229k), Knit Men's Undergarments ($83.9k), and Rubber Footwear ($56.3k). Over the past N/A years the exports of Laos to Armenia have increased at an annualized rate of 58.4%, from $30.4k in N/A to $480k in N/A.

In N/A, Laos did not export any services to Armenia.

Comparison: In 2022, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). 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

Armenia does not register exports to Laos. The main products exported from Armenia to Laos were Hard Liquor ($210k).

In 2017, Laos exported $480k to Armenia. The main products exported from Laos to Armenia were Textile Footwear ($229k), Knit Men's Undergarments ($83.9k), and Rubber Footwear ($56.3k). During the last 5 years the exports of Laos to Armenia have increased at an annualized rate of 58.4%, from $30.4k in 2022 to $480k in 2017.

Exports from Armenia () to Laos () (2022)

Exports from Laos () to Armenia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

Laos
Top DestinationThailand$3.29B

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

In 2022, countries that imported more from Armenia than Laos included Russia ($2.36B), United Arab Emirates ($535M), and Georgia ($260M).

In 2022, countries that imported more from Laos than Armenia included Thailand ($3.29B), China ($2.73B), and Vietnam ($978M).

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

Comparative Advantage Armenia - Laos

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2017, Laos had a large net trade with Armenia in the exports of Footwear and Headwear ($342k), Textiles ($121k), and Machines ($14.2k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Laos+$118kHard Liquor

Top Product Potential Laos Armenia+$79.7kLeather 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 Armenia and Laos. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Laos. Similarly, a dot/product with the flag of Laos indicates it has a comparative advantage over Armenia.

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Laos () (2022)

Exports from Laos () to Armenia () (2022)

Market Competitiveness

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

Comparative Advantage Armenia - Laos

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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