2022
Flag  
GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 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 
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 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

Belgium-Laos Trade: In 2022, Belgium exported $16.6M to Laos. The main products that Belgium exported to Laos were Diamonds ($10.5M), Malt ($2.4M), and Vaccines, blood, antisera, toxins and cultures ($2.01M). Over the past 5 years the exports of Belgium to Laos have decreased at an annualized rate of 7.15%, from $24.1M in 2017 to $16.6M in 2022.

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

Laos-Belgium Trade: In 2022, Laos exported $32.3M to Belgium. The main products that Laos exported to Belgium were Diamonds ($22.3M), Rice ($5.91M), and Coffee ($3.04M). Over the past 5 years the exports of Laos to Belgium have increased at an annualized rate of 28.5%,  from $9.2M in 2017 to $32.3M in 2022.

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

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). 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, Belgium exported $16.6M to Laos. The main products exported from Belgium to Laos were Diamonds ($10.5M), Malt ($2.4M), and Vaccines, blood, antisera, toxins and cultures ($2.01M). During the last 5 years the exports of Belgium to Laos have decreased at an annualized rate of 7.15%, from $24.1M in 2017 to $16.6M in 2022.

In 2017, Laos exported $32.3M to Belgium. The main products exported from Laos to Belgium were Diamonds ($22.3M), Rice ($5.91M), and Coffee ($3.04M). During the last 5 years the exports of Laos to Belgium have increased at an annualized rate of 28.5%, from $9.2M in 2022 to $32.3M in 2017.

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

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

Market Competitiveness

Color
Belgium
Top Destination
Germany$91.9B
Laos
Top Destination
Thailand$3.29B

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

In 2022, countries that imported more from Belgium than Laos included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

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

Comparative Advantage Belgium - Laos

Flow
Scale

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

During 2022, Belgium had a large net trade with Laos in the exports of Precious Metals ($10.5M), Chemical Products ($2.41M), and Vegetable Products ($2.4M).

During 2017, Laos had a large net trade with Belgium in the exports of Precious Metals ($22.8M), Vegetable Products ($8.95M), and Textiles ($280k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Laos+$2.38MVaccines, blood, antisera, toxins and cultures
Top Product Potential Laos Belgium+$2.31MCoffee

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

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

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