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2022
Flag → Flag
Exports $64.3MRnk 24 / 0
2022
Flag → Flag
Exports $85.2MRnk 99 / 0
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.89Rnk 107 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 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 $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
Flag
GDP PC$2,067CURRENT US$
Rnk 157 / 196
2013-2023
Flag
GDP PC GROWTH14%CURRENT US$
Rnk 123 / 195

About

South Korea-Laos Trade: In 2022, South Korea exported $64.3M to Laos. The main products that South Korea exported to Laos were N/A. Over the past 5 years the exports of South Korea to Laos have decreased at an annualized rate of 9.1%, from $104M in 2017 to $64.3M in 2022.

In 2022, South Korea did not export any services to Laos.

Laos-South Korea Trade: In 2022, Laos exported $85.2M to South Korea. The main products that Laos exported to South Korea were N/A. Over the past 5 years the exports of Laos to South Korea have increased at an annualized rate of 22.6%,  from $30.7M in 2017 to $85.2M in 2022.

In 2022, Laos did not export any services to South Korea.

Comparison: In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B). That same year, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B).

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $11.7M and imported $8.75M from Laos, resulting in a positive trade balance of $2.98M. Between December 2023 and December 2024 the exports of South Korea have increased by $210k (1.82%) from $11.5M to $11.7M, while imports increased by $3.73M (74.1%) from $5.02M to $8.75M.

Trade In December 2024, the top exports of South Korea to Laos were Cars, tractors, trucks & parts thereof. ($3.54M), Machinery, mechanical appliances, & parts ($2.94M), Optical, photo, & film equipment; medical... ($1.1M), Paints, dyes, & varnishes ($508k), and Preparations of cereals, flour, starch or... ($350k). In December 2024 the top imports of South Korea from Laos were Wood, wood articles, & charcoal ($4.76M), Mineral fuels, mineral oils and products... ($3.47M), Fertilizers ($3.12M), Optical, photo, & film equipment; medical... ($792k), and Toys, games, & sports ($193k).

Growth In December 2024, the increase in South Korea's year-by-year exports to Laos was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts ($1.85M or 169%), Optical, photo, & film equipment; medical... ($910k or 479%), and Cars, tractors, trucks & parts thereof. ($908k or 34.5%). In December 2024, the increase in South Korea's year-by-year imports  from Laos was explained primarily by an increase in product imports  in Mineral fuels, mineral oils and products... ($3.47M or 69.4k%), Optical, photo, & film equipment; medical... ($166k or 26.5%), and Toys, games, & sports ($99k or 105%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$210k(1.82%)
IMPORT GROWTH (December 2023 - December 2024)$3.73M(74.1%)

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

To check Laos and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Laos and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $64.3M to Laos. There were not main exports from South Korea to Laos in 2022. During the last 5 years the exports of South Korea to Laos have decreased at an annualized rate of 9.1%, from $104M in 2017 to $64.3M in 2022.

In 2017, Laos exported $85.2M to South Korea. There were not main exports from Laos to South Korea in 2017. During the last 5 years the exports of Laos to South Korea have increased at an annualized rate of 22.6%, from $30.7M in 2022 to $85.2M in 2017.

Exports from South Korea (Flag) to Laos (Flag) (2022)

Exports from Laos (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Laos
Top DestinationChina$3.41B

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

In 2023, countries that imported more from South Korea than Laos included China ($162B), United States ($118B), and Hong Kong ($28.8B).

In 2023, countries that imported more from Laos than South Korea included Liberia ($400).

Difference in imports from Laos (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Laos

Flow
Scale

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

During 2022, South Korea had a large net trade with Laos in the exports of .

During 2017, Laos had a large net trade with South Korea in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Laos+$7.67MCars
Top Product Potential Laos South Korea+$5.22MTelephones

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

Product Space of South Korea (Flag) and Laos (Flag) (2022)

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