Lao People's Dem. Rep.-United Kingdom Bilateral Trade Analysis 2023
Complete trade statistics: $66.78M total volume •Lao People's Dem. Rep. surplus: $66.78M
Lao People's Dem. Rep. → United Kingdom
$66.78M
Exports (2023)
United Kingdom → Lao People's Dem. Rep.
$0
Imports (2023)
Trade Balance
$66.78M
Surplus for Lao People's Dem. Rep.
Total Trade
$66.78M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Lao People's Dem. Rep. and United Kingdom. Green line shows exports from Lao People's Dem. Rep., red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Lao People's Dem. Rep.-United Kingdom commercial relationship and competitive positioning in global markets.
Lao People's Dem. Rep. → United Kingdom Exports
Export Market Intelligence
🎯 Strategic Export Focus
Lao People's Dem. Rep.'s export portfolio to United Kingdom demonstrates strategic specialization, with footwear: n.e.c. in heading no. 6403, covering the ankle, outer soles of rubber, plastics or composition leather, uppers of leather representing a key competitive advantage in this bilateral market.
United Kingdom → Lao People's Dem. Rep. Imports
Import Dependency Profile
📦 Import Strategy Analysis
Lao People's Dem. Rep.'s import pattern from United Kingdom reveals significant dependencyin vehicles: with both compression-ignition internal combustion piston engine (diesel or semi-diesel) and electric motor for propulsion, incapable of being charged by plugging to external source of electric power, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Lao People's Dem. Rep. demonstrates competitive strength in exportingfootwear: n.e.c. in heading no. 6403, covering the ankle, outer soles of rubber, plastics or composition leather, uppers of leather to United Kingdom, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $66.78M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Lao People's Dem. Rep.-United Kingdom Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $66.78 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Lao People's Dem. Rep. maintains a surplus of $66.78 million
- Export Focus: Lao People's Dem. Rep.'s primary exports include footwear: n.e.c. in heading no. 6403, covering the ankle, outer soles of rubber, plastics or composition leather, uppers of leather, communication apparatus (excluding telephone sets or base stations): machines for the transmission or reception of voice, images or other data (including wired/wireless networks), n.e.c. in item no. 8517.6, footwear: n.e.c. in heading no. 6403, (not covering the ankle), outer soles of rubber, plastics or composition leather, uppers of leather
- Import Dependencies: Key imports from United Kingdom include vehicles: with both compression-ignition internal combustion piston engine (diesel or semi-diesel) and electric motor for propulsion, incapable of being charged by plugging to external source of electric power, whiskies, vegetable saps and extracts: of hops
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $66.78M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Lao People's Dem. Rep. leveraging its comparative advantages in footwear: n.e.c. in heading no. 6403, covering the ankle, outer soles of rubber, plastics or composition leather, uppers of leather.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Lao People's Dem. Rep.'s specialization in footwear: n.e.c. in heading no. 6403, covering the ankle, outer soles of rubber, plastics or composition leather, uppers of leathercomplements United Kingdom's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in vehicles: with both compression-ignition internal combustion piston engine (diesel or semi-diesel) and electric motor for propulsion, incapable of being charged by plugging to external source of electric power.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $66.78M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $66.78M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $66.78 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in footwear: n.e.c. in heading no. 6403, covering the ankle, outer soles of rubber, plastics or composition leather, uppers of leather and vehicles: with both compression-ignition internal combustion piston engine (diesel or semi-diesel) and electric motor for propulsion, incapable of being charged by plugging to external source of electric power demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Lao People's Dem. Rep.'s trade surplus of $66.78 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Lao People's Dem. Rep. and United Kingdom represents a total trade volume of $66.78 million in 2023. This partnership demonstrates a favorable trade balance for Lao People's Dem. Rep., with exports exceeding importsby $66.78 million.
Export Strengths
Lao People's Dem. Rep.'s exports to United Kingdom total $66.78 million, with competitive advantages in footwear: n.e.c. in heading no. 6403, covering the ankle, outer soles of rubber, plastics or composition leather, uppers of leather, representing $15.11M or22.6% of bilateral exports.
Import Dependencies
Imports from United Kingdom amount to $0.00, highlighting economic interdependence in vehicles: with both compression-ignition internal combustion piston engine (diesel or semi-diesel) and electric motor for propulsion, incapable of being charged by plugging to external source of electric power, with Vehicles: with both compression-ignition internal combustion piston engine (diesel or semi-diesel) and electric motor for propulsion, incapable of being charged by plugging to external source of electric power comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Lao People's Dem. Rep.'s competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Lao People's Dem. Rep. and United Kingdom in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023