Laos (LAO) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Laos-Ecuador Trade: In 2023, Laos exported $819k to Ecuador. The main products that Laos exported to Ecuador were Optical Fibers and optical fibre bundles ($396k), Rubber Footwear ($228k), and Computers ($59.6k). Over the past 5 years the exports of Laos to Ecuador have increased at an annualized rate of 21.3%, from $312k in 2018 to $819k in 2023.

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

Ecuador-Laos In N/A, Ecuador did not export any products to Laos.

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

Comparison: In 2023, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B). That same year, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Laos exported $819k to Ecuador. The main products exported from Laos to Ecuador were Optical Fibers and optical fibre bundles ($396k), Rubber Footwear ($228k), and Computers ($59.6k). During the last 5 years the exports of Laos to Ecuador have increased at an annualized rate of 21.3%, from $312k in 2018 to $819k in 2023.

Ecuador does not register exports to Laos. The main products exported from Ecuador to Laos were Computers ($8k).

Exports from Laos () to Ecuador () (2023)

Exports from Ecuador () to Laos () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationChina$3.41B

Ecuador
Top DestinationUnited States$8.34B

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

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

In 2023, countries that imported more from Ecuador than Laos included United States ($8.34B), China ($7.96B), and Panama ($4.38B).

Difference in imports from Ecuador () and Laos () (2023)

Comparative Advantage Laos - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Laos had a large net trade with Ecuador in the exports of Instruments ($435k), Footwear and Headwear ($299k), and Machines ($78k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Ecuador+$2.56kTelephones

Top Product Potential Ecuador Laos+$3.65kRefined Petroleum

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

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Historical Data

Bilateral Trade by Products

Exports from Laos () to Ecuador () (2023)

Exports from Ecuador () to Laos () (2023)

Market Competitiveness

Difference in imports from Ecuador () and Laos () (2023)

Comparative Advantage Laos - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Laos () and Ecuador () (2023)

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