2023
Flag  
GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP
$15.8BCURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP GROWTH
32.2%CURRENT US$
Rnk 109 / 195
2023
Flag
GDP PC 
$17,068CURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 195
2023
Flag
GDP PC
$2,067CURRENT US$
Rnk 157 / 196
2013-2023
Flag
GDP PC GROWTH
14%CURRENT US$
Rnk 123 / 195

About

Chile-Laos Trade: In 2023, Chile exported $295k to Laos. The main products that Chile exported to Laos were Wine ($283k), Valves ($7.1k), and Other Measuring Instruments ($4.57k). Over the past 5 years the exports of Chile to Laos have decreased at an annualized rate of 14%, from $625k in 2018 to $295k in 2023.

In 2023, Chile did not export any services to Laos.

Laos-Chile Trade: In 2023, Laos exported $1.03M to Chile. The main products that Laos exported to Chile were Knit T-shirts ($282k), Knit Men's Undergarments ($200k), and Buses ($165k). Over the past 5 years the exports of Laos to Chile have increased at an annualized rate of 96%,  from $35.5k in 2018 to $1.03M in 2023.

In 2023, Laos did not export any services to Chile.

Comparison: In 2023,  Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B). That same year, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chile exported $295k to Laos. The main products exported from Chile to Laos were Wine ($283k), Valves ($7.1k), and Other Measuring Instruments ($4.57k). During the last 5 years the exports of Chile to Laos have decreased at an annualized rate of 14%, from $625k in 2018 to $295k in 2023.

In 2018, Laos exported $1.03M to Chile. The main products exported from Laos to Chile were Knit T-shirts ($282k), Knit Men's Undergarments ($200k), and Buses ($165k). During the last 5 years the exports of Laos to Chile have increased at an annualized rate of 96%, from $35.5k in 2023 to $1.03M in 2018.

Exports from Chile (Flag) to Laos (Flag) (2023)

Exports from Laos (Flag) to Chile (Flag) (2023)

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Laos
Top Destination
China$3.41B

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

In 2023, countries that imported more from Chile than Laos included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

In 2023, countries that imported more from Laos than Chile included Thailand ($2.99B), Cambodia ($190M), and Australia ($367M).

Difference in imports from Laos (Flag) and Chile (Flag) (2023)

Comparative Advantage Chile - Laos

Flow
Scale

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

During 2023, Chile had a large net trade with Laos in the exports of Foodstuffs ($283k), Machines ($7.1k), and Instruments ($4.57k).

During 2018, Laos had a large net trade with Chile in the exports of Textiles ($676k), Transportation ($166k), and Footwear and Headwear ($96.9k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Laos+$235kWine
Top Product Potential Laos Chile+$131kKnit T-shirts

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

Product Space of Chile (Flag) and Laos (Flag) (2023)

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