Laos (LAO) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Laos-Azerbaijan Trade: In 2022, Laos exported $258k to Azerbaijan. The main products that Laos exported to Azerbaijan were Video Displays ($150k), Rubber Footwear ($36.4k), and Leather Footwear ($22.6k). Over the past 5 years the exports of Laos to Azerbaijan have increased at an annualized rate of 63.2%, from $22.3k in 2017 to $258k in 2022.

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

Azerbaijan-Laos In N/A, Azerbaijan did not export any products to Laos.

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

Comparison: In 2022, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Laos exported $258k to Azerbaijan. The main products exported from Laos to Azerbaijan were Video Displays ($150k), Rubber Footwear ($36.4k), and Leather Footwear ($22.6k). During the last 5 years the exports of Laos to Azerbaijan have increased at an annualized rate of 63.2%, from $22.3k in 2017 to $258k in 2022.

Azerbaijan does not register exports to Laos.

Exports from Laos () to Azerbaijan () (2022)

Exports from Azerbaijan () to Laos () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationThailand$3.29B

Azerbaijan
Top DestinationItaly$18.3B

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

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

In 2022, countries that imported more from Azerbaijan than Laos included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Comparative Advantage Laos - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Laos had a large net trade with Azerbaijan in the exports of Machines ($157k), Footwear and Headwear ($91.7k), and Textiles ($6.48k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Azerbaijan+$324kTelephones

Top Product Potential Azerbaijan Laos+$3.29kRefined Petroleum

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

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Historical Data

Bilateral Trade by Products

Exports from Laos () to Azerbaijan () (2022)

Exports from Azerbaijan () to Laos () (2022)

Market Competitiveness

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

Comparative Advantage Laos - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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