Laos (LAO) and Canada (CAN) Trade | The Observatory of Economic Complexity

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Laos-Canada Trade: In 2022, Laos exported $30.1M to Canada. The main products that Laos exported to Canada were Hydrogen ($6.83M), Video Recording Equipment ($3.58M), and Broadcasting Equipment ($2.91M). Over the past 5 years the exports of Laos to Canada have increased at an annualized rate of 4.02%, from $24.7M in 2017 to $30.1M in 2022.

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

Canada-Laos Trade: In 2022, Canada exported $3.17M to Laos. The main products that Canada exported to Laos were Recovered Paper ($948k), Scrap Iron ($463k), and Hydrogen ($389k). Over the past 5 years the exports of Canada to Laos have decreased at an annualized rate of 2.09%, from $3.52M in 2017 to $3.17M in 2022.

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

Comparison: In 2022, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Laos exported $30.1M to Canada. The main products exported from Laos to Canada were Hydrogen ($6.83M), Video Recording Equipment ($3.58M), and Broadcasting Equipment ($2.91M). During the last 5 years the exports of Laos to Canada have increased at an annualized rate of 4.02%, from $24.7M in 2017 to $30.1M in 2022.

In 2017, Canada exported $3.17M to Laos. The main products exported from Canada to Laos were Recovered Paper ($948k), Scrap Iron ($463k), and Hydrogen ($389k). During the last 5 years the exports of Canada to Laos have decreased at an annualized rate of 2.09%, from $3.52M in 2022 to $3.17M in 2017.

Exports from Laos () to Canada () (2022)

Exports from Canada () to Laos () (2022)

Latest Data

Trade between Laos () and Canada ()

Laos Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationThailand$3.29B

Canada
Top DestinationUnited States$438B

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

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

In 2022, countries that imported more from Canada than Laos included United States ($438B), China ($25.4B), and Japan ($14.3B).

Difference in imports from Canada () and Laos () (2022)

Comparative Advantage Laos - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Laos had a large net trade with Canada in the exports of Machines ($9.73M), Textiles ($9.17M), and Chemical Products ($6.83M).

During 2017, Canada had a large net trade with Laos in the exports of Paper Goods ($950k), Metals ($820k), and Chemical Products ($465k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Canada+$6.65MTelephones

Top Product Potential Canada Laos+$389kEthylene Polymers

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

Year

This visualization shows the product space at the HS4 level with the flags of Laos and Canada. This means that a dot/product with the flag of Laos indicates it has a comparative advantage over Canada. Similarly, a dot/product with the flag of Canada indicates it has a comparative advantage over Laos.

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Historical Data

Bilateral Trade by Products

Exports from Laos () to Canada () (2022)

Exports from Canada () to Laos () (2022)

Latest Data

Trade between Laos () and Canada ()

Laos Exports

Canada Exports

Market Competitiveness

Difference in imports from Canada () and Laos () (2022)

Comparative Advantage Laos - Canada

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Laos () and Canada () (2022)

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