2022
Flag  
GDP
$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP GROWTH
54.3%CURRENT US$
Rnk 52 / 186
2022
Flag
 GDP
$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH
245%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC 
$2,088CURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 59 / 186
2022
Flag
GDP PC
$2,688CURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP PC GROWTH
207%CURRENT US$
Rnk 2 / 186

About

Laos-Bangladesh Trade: In 2021, Laos exported $22.2M to Bangladesh. The main products that Laos exported to Bangladesh were N/A. Over the past 7 years the exports of Laos to Bangladesh have increased at an annualized rate of 109%, from $126k in 2014 to $22.2M in 2021.

In 2021, Laos did not export any services to Bangladesh.

Bangladesh-Laos Trade: In 2021, Bangladesh exported $701k to Laos. The main products that Bangladesh exported to Laos were N/A. Over the past 7 years the exports of Bangladesh to Laos have increased at an annualized rate of 37.7%,  from $142k in 2014 to $701k in 2021.

In 2021, Bangladesh 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, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Laos exported $22.2M to Bangladesh. There were not main exports from Laos to Bangladesh in 2021. During the last 7 years the exports of Laos to Bangladesh have increased at an annualized rate of 109%, from $126k in 2014 to $22.2M in 2021.

In 2016, Bangladesh exported $701k to Laos. There were not main exports from Bangladesh to Laos in 2016. During the last 5 years the exports of Bangladesh to Laos have increased at an annualized rate of 37.7%, from $142k in 2021 to $701k in 2016.

Exports from Laos (Flag) to Bangladesh (Flag) (2021)

Exports from Bangladesh (Flag) to Laos (Flag) (2021)

Market Competitiveness

Color
Laos
Top Destination
Thailand$3.29B
Bangladesh
Top Destination
United States$11.7B

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

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

In 2022, countries that imported more from Bangladesh than Laos included United States ($11.7B), Germany ($10.2B), and United Kingdom ($4.86B).

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

Comparative Advantage Laos - Bangladesh

Flow
Scale

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

During 2021, Laos had a large net trade with Bangladesh in the exports of .

During 2016, Bangladesh had a large net trade with Laos in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Laos Bangladesh+$5.7kElectricity
Top Product Potential Bangladesh Laos+$3.64kNon-Knit Women'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 Laos and Bangladesh. This means that a dot/product with the flag of Laos indicates it has a comparative advantage over Bangladesh. Similarly, a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Laos.

Product Space of Laos (Flag) and Bangladesh (Flag) (2021)

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