2022
Flag  
GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 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 
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 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

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 35.2%,  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).

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 35.2%, 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 Destination
Germany$78.1B
Laos
Top Destination
Thailand$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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