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2022
Flag → Flag
Exports $8.83MRnk 167 / 218
2022
Flag → Flag
Top Product $3.3MRecovered Paper
2022
Flag → Flag
Exports $31.2MRnk 22 / 125
2022
Flag → Flag
Top Product $12.2MRubber Footwear
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.79Rnk 100 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP GROWTH54.3%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$2,088CURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 59 / 186

About

Spain-Laos Trade: In 2022, Spain exported $8.83M to Laos. The main products that Spain exported to Laos were Recovered Paper ($3.3M), Heavy Synthetic Cotton Fabrics ($1.5M), and Electric Motors ($1.1M). Over the past 5 years the exports of Spain to Laos have increased at an annualized rate of 20%, from $3.55M in 2017 to $8.83M in 2022.

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

Laos-Spain Trade: In 2022, Laos exported $31.2M to Spain. The main products that Laos exported to Spain were Rubber Footwear ($12.2M), Textile Footwear ($6.58M), and Leather Footwear ($5.46M). Over the past 5 years the exports of Laos to Spain have increased at an annualized rate of 46.3%,  from $4.65M in 2017 to $31.2M in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B).

Latest Trends

June, 2024

About

Overview In June 2024, Spain exported €301k and imported €2.31M from Laos, resulting in a negative trade balance of €2.01M. Between June 2023 and June 2024 the exports of Spain have decreased by €-311k (-50.8%) from €612k to €301k, while imports increased by €425k (22.5%) from €1.89M to €2.31M.

Trade In June 2024, the top exports of Spain to Laos were Recovered Paper (€323k), Cars (€258k), Heavy Synthetic Cotton Fabrics (€244k), Plastic Coated Textile Fabric (€52.6k), and Other knitted or crocheted fabrics. (€21.3k). In June 2024 the top imports of Spain from Laos were Rubber Footwear (€1.63M), Textile Footwear (€633k), Leather Footwear (€297k), Scrap Plastic (€127k), and Broadcasting Equipment (€78k).

Origins In June 2024 the exports of Spain were mainly from Sevilla (€147k), Barcelona (€79.3k), Burgos (€36k), Tarragona (€35.2k), and Guadalajara (€1.57k), while imports destinations were mainly Alicante (€947k), Vizcaya (€679k), Castellón (€210k), Madrid (€193k), and Valencia (€124k).

Growth In June 2024, the decrease in Spain's year-by-year exports to Laos was explained primarily by an decrease in product exports in Non-Knit Women's Suits (€-2.51k or -28.3%), Knit T-shirts (€-2.21k or -33.5%), and Commodities not elsewhere specified (€-1.11k or -69.3%). In June 2024, the increase in Spain's year-by-year imports  from Laos was explained primarily by an increase in product imports  in Rubber Footwear (€1.3M or 394%), Textile Footwear (€553k or 687%), and Leather Footwear (€203k or 215%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)€-311k(-50.8%)
IMPORT GROWTH (June 2023 - June 2024)€425k(22.5%)
MAIN EXPORTER (June 2024)Sevilla€147k

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

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

For full datasets download visit Bulk Download page.

Explore Laos and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $8.83M to Laos. The main products exported from Spain to Laos were Recovered Paper ($3.3M), Heavy Synthetic Cotton Fabrics ($1.5M), and Electric Motors ($1.1M). During the last 5 years the exports of Spain to Laos have increased at an annualized rate of 20%, from $3.55M in 2017 to $8.83M in 2022.

In 2017, Laos exported $31.2M to Spain. The main products exported from Laos to Spain were Rubber Footwear ($12.2M), Textile Footwear ($6.58M), and Leather Footwear ($5.46M). During the last 5 years the exports of Laos to Spain have increased at an annualized rate of 46.3%, from $4.65M in 2022 to $31.2M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Laos
Top DestinationThailand$3.29B

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

In 2022, countries that imported more from Spain than Laos included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

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

Comparative Advantage Spain - Laos

Flow
Scale

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

During 2022, Spain had a large net trade with Laos in the exports of Paper Goods ($3.3M), Textiles ($2.55M), and Machines ($1.95M).

During 2017, Laos had a large net trade with Spain in the exports of Footwear and Headwear ($25.1M), Plastics and Rubbers ($1.81M), and Machines ($1.79M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Laos+$1.11MCars
Top Product Potential Laos Spain+$4.06MLeather 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 Spain and Laos. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Laos. Similarly, a dot/product with the flag of Laos indicates it has a comparative advantage over Spain.

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

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