2022
Flag  
GDP
$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP GROWTH
54.3%CURRENT US$
Rnk 52 / 186
2022
Flag
 GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 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
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186

About

Laos-Canada Trade: In 2022, Laos exported $30.1M to Canada. The main products that Laos exported to Canada were Hydrogen ($6.83M), Video Recording Equipment ($3.58M), and Broadcasting Equipment ($2.91M). Over the past 5 years the exports of Laos to Canada have increased at an annualized rate of 4.02%, from $24.7M in 2017 to $30.1M in 2022.

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

Canada-Laos Trade: In 2022, Canada exported $3.17M to Laos. The main products that Canada exported to Laos were Recovered Paper ($948k), Scrap Iron ($463k), and Hydrogen ($389k). Over the past 5 years the exports of Canada to Laos have decreased at an annualized rate of 2.09%,  from $3.52M in 2017 to $3.17M in 2022.

In 2022, Canada 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, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Laos exported $30.1M to Canada. The main products exported from Laos to Canada were Hydrogen ($6.83M), Video Recording Equipment ($3.58M), and Broadcasting Equipment ($2.91M). During the last 5 years the exports of Laos to Canada have increased at an annualized rate of 4.02%, from $24.7M in 2017 to $30.1M in 2022.

In 2017, Canada exported $3.17M to Laos. The main products exported from Canada to Laos were Recovered Paper ($948k), Scrap Iron ($463k), and Hydrogen ($389k). During the last 5 years the exports of Canada to Laos have decreased at an annualized rate of 2.09%, from $3.52M in 2022 to $3.17M in 2017.

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

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

Latest Data

Trade between Laos (Flag) and Canada (Flag)

Laos Exports

Canada Exports

Market Competitiveness

Color
Laos
Top Destination
Thailand$3.29B
Canada
Top Destination
United States$438B

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

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

In 2022, countries that imported more from Canada than Laos included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Laos - Canada

Flow
Scale

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

During 2022, Laos had a large net trade with Canada in the exports of Machines ($9.73M), Textiles ($9.17M), and Chemical Products ($6.83M).

During 2017, Canada had a large net trade with Laos in the exports of Paper Goods ($950k), Metals ($820k), and Chemical Products ($465k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Laos Canada+$6.65MTelephones
Top Product Potential Canada Laos+$389kEthylene Polymers

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

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

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