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2023
Flag → Flag
Exports $7.75MRnk 170 / 220
2023
Flag → Flag
Top Product $3.24MRecovered Paper
2023
Flag → Flag
Exports $27MRnk 18 / 120
2023
Flag → Flag
Top Product $11.4MRubber Footwear
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.89Rnk 107 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$15.8BCURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP GROWTH32.2%CURRENT US$
Rnk 109 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$2,067CURRENT US$
Rnk 157 / 196
2013-2023
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GDP PC GROWTH14%CURRENT US$
Rnk 123 / 195

About

Spain-Laos Trade: In 2023, Spain exported $7.75M to Laos. The main products that Spain exported to Laos were Recovered Paper ($3.24M), Plastic Coated Textile Fabric ($1.04M), and Heavy Synthetic Cotton Fabrics ($979k). Over the past 5 years the exports of Spain to Laos have increased at an annualized rate of 3.06%, from $6.67M in 2018 to $7.75M in 2023.

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

Laos-Spain Trade: In 2023, Laos exported $27M to Spain. The main products that Laos exported to Spain were Rubber Footwear ($11.4M), Textile Footwear ($5.29M), and Leather Footwear ($3.8M). Over the past 5 years the exports of Laos to Spain have increased at an annualized rate of 34.3%,  from $6.18M in 2018 to $27M in 2023.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €124k and imported €2.7M from Laos, resulting in a negative trade balance of €2.57M. Between November 2023 and November 2024 the exports of Spain have decreased by €-507k (-80.3%) from €631k to €124k, while imports increased by €445k (19.7%) from €2.25M to €2.7M.

Trade In November 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 November 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 November 2024 the exports of Spain were mainly from Barcelona (€63.9k), Madrid (€24.4k), Murcia (€18.2k), Álava (€7.71k), and Girona (€6.38k), while imports destinations were mainly Alicante (€2.19M), Madrid (€247k), Sevilla (€173k), Tarragona (€30.6k), and Barcelona (€26.6k).

Growth In November 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 November 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 (November 2023 - November 2024)€-507k(-80.3%)
IMPORT GROWTH (November 2023 - November 2024)€445k(19.7%)
MAIN EXPORTER (November 2024)Barcelona€63.9k

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 2023, Spain exported $7.75M to Laos. The main products exported from Spain to Laos were Recovered Paper ($3.24M), Plastic Coated Textile Fabric ($1.04M), and Heavy Synthetic Cotton Fabrics ($979k). During the last 5 years the exports of Spain to Laos have increased at an annualized rate of 3.06%, from $6.67M in 2018 to $7.75M in 2023.

In 2018, Laos exported $27M to Spain. The main products exported from Laos to Spain were Rubber Footwear ($11.4M), Textile Footwear ($5.29M), and Leather Footwear ($3.8M). During the last 5 years the exports of Laos to Spain have increased at an annualized rate of 34.3%, from $6.18M in 2023 to $27M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Laos
Top DestinationChina$3.41B

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 2023, countries that imported more from Spain than Laos included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

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

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 2023, Spain had a large net trade with Laos in the exports of Paper Goods ($3.26M), Textiles ($2.47M), and Transportation ($581k).

During 2018, Laos had a large net trade with Spain in the exports of Footwear and Headwear ($20.6M), Textiles ($2.2M), and Machines ($1.43M).

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) (2023)

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