2022
Flag  
GDP
$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH
25.3%CURRENT US$
Rnk 110 / 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 
$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH
9.46%CURRENT US$
Rnk 120 / 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

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

Laos-Paraguay Trade: In N/A, Laos exported $2.28k to Paraguay. The main products that Laos exported to Paraguay were Textile Footwear ($1.52k) and Office Machine Parts ($762). Over the past N/A years the exports of Laos to Paraguay have increased at an annualized rate of 32.1%,  from $568 in N/A to $2.28k in N/A.

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

Comparison: In 2022,  Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B). 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

Paraguay does not register exports to Laos.

In 2017, Laos exported $2.28k to Paraguay. The main products exported from Laos to Paraguay were Textile Footwear ($1.52k) and Office Machine Parts ($762). During the last 5 years the exports of Laos to Paraguay have increased at an annualized rate of 32.1%, from $568 in 2022 to $2.28k in 2017.

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

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

Market Competitiveness

Color
Paraguay
Top Destination
Brazil$3.67B
Laos
Top Destination
Thailand$3.29B

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

In 2022, countries that imported more from Paraguay than Laos included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

In 2022, countries that imported more from Laos than Paraguay included Thailand ($3.29B), China ($2.73B), and Vietnam ($978M).

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

Comparative Advantage Paraguay - Laos

Flow
Scale

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

During 2017, Laos had a large net trade with Paraguay in the exports of Footwear and Headwear ($1.52k) and Machines ($762).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Paraguay Laos+$2.11kElectricity
Top Product Potential Laos Paraguay+$6.72kTextile Footwear

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

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

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