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Pricing

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Flag → Flag
Exports $744Rnk 119 / 125
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Flag → Flag
Top Product $692Audio Alarms
2022
Flag
Economic Complexity (ECI) ECI -0.19Rnk 75 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.79Rnk 100 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 97 / 186
2022
Flag
 GDP$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
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GDP GROWTH54.3%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC $25,057CURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP PC GROWTH1.35%CURRENT US$
Rnk 136 / 186
2022
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GDP PC$2,088CURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 59 / 186

About

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

Laos-Oman Trade: In N/A, Laos exported $744 to Oman. The main products that Laos exported to Oman were Audio Alarms ($692) and Non-Knit Men's Undergarments ($52). Over the past N/A years the exports of Laos to Oman have decreased at an annualized rate of 65.9%,  from $161k in N/A to $744 in N/A.

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

Comparison: In 2022,  Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B). 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

Oman does not register exports to Laos.

In 2017, Laos exported $744 to Oman. The main products exported from Laos to Oman were Audio Alarms ($692) and Non-Knit Men's Undergarments ($52). During the last 5 years the exports of Laos to Oman have decreased at an annualized rate of 65.9%, from $161k in 2022 to $744 in 2017.

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

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

Market Competitiveness

Color
Oman
Top DestinationChina$30.4B
Laos
Top DestinationThailand$3.29B

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

In 2022, countries that imported more from Oman than Laos included China ($30.4B), India ($8.15B), and South Korea ($4.64B).

In 2022, countries that imported more from Laos than Oman included Thailand ($3.29B), Vietnam ($978M), and Cambodia ($207M).

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

Comparative Advantage Oman - Laos

Flow
Scale

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

During 2017, Laos had a large net trade with Oman in the exports of Machines ($692) and Textiles ($52).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Oman Laos+$4.57kRefined Petroleum
Top Product Potential Laos Oman+$3.78kGold

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

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

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