Norway (NOR) and Laos (LAO) Trade | The Observatory of Economic Complexity

About

Norway-Laos In 2022, Norway exported $19.4k to Laos. The main products that Norway exported to Laos are Other Heating Machinery ($7.29k), Other Rubber Products ($4.06k), and Computers ($3.23k). During the last 27 years the exports of Norway to Laos have decreased at an annualized rate of 7.5%, from $159k in 1995 to $19.4k in 2022.

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

Laos-Norway 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). During the last 27 years the exports of Laos to Norway have increased at an annualized rate of 1.48%, from $4.99M in 1995 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).

Latest Trends

March, 2024

About

Overview In March 2024, Norway exported NOK0 and imported NOK7.28M from Laos, resulting in a negative trade balance of NOK7.28M. Between March 2023 and March 2024 the exports of Norway have decreased by NOK-155k (-100%) from NOK155k to NOK0, while imports decreased by NOK-530k (-6.79%) from NOK7.81M to NOK7.28M.

Trade In March 2024, the top exports of Norway to Laos were Plastics in non-primary forms (NOK9k), Manufactures of metals, n.e.s. (NOK5k), Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), and Dairy products and birds' eggs (NOK0). In March 2024 the top imports of Norway from Laos were Articles of apparel and clothing accessories (NOK5.12M), Footwear (NOK993k), Telecommunications and sound-recording and reproducing apparatus... (NOK12k), Manufactures of metals, n.e.s. (NOK2k), and Miscellaneous manufactured articles, n.e.s. (NOK2k).

Growth In March 2024, the decrease in Norway's year-by-year exports to Laos was explained primarily by an decrease in product exports in Professional, scientific and controlling instruments and... (NOK-20k or -100%). In March 2024, the decrease in Norway's year-by-year imports from Laos was explained primarily by an decrease in product imports in Vegetables and fruit (NOK-23k or -100%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)NOK-155k(-100%)

IMPORT GROWTH (March 2023 - March 2024)NOK-530k(-6.79%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Laos and Norway trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 27 years the exports of Norway to Laos have decreased at an annualized rate of 7.5%, from $159k in 1995 to $19.4k in 2022.

In 2022, 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 27 years the exports of Laos to Norway have increased at an annualized rate of 1.48%, from $4.99M in 1995 to $7.42M in 2022.

Exports from Norway () to Laos () (2022)

Exports from Laos () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Laos
Top DestinationThailand$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 2021, countries that imported more from Norway than Laos were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2021, countries that imported more from Laos than Norway were Thailand ($3.29B), Vietnam ($978M), and Cambodia ($207M).

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

Comparative Advantage Norway - Laos

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2022, Laos had a large net trade with Norway in the exports of Textiles ($5.96M), Footwear and Headwear ($1.35M), and Machines ($71.1k).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Norway has comparative advantage over Laos. Similarly, the more yellow a dot/product is, the more Laos has comparative advantage over Norway.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Norway () to Laos () (2022)

Exports from Laos () to Norway () (2022)

Market Competitiveness

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

Comparative Advantage Norway - Laos

Economic Complexity

Competitive Landscape

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

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