Laos (LAO) and Spain (ESP) Trade | The Observatory of Economic Complexity

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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.

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 2017 to $31.2M in 2022.

In 2017, 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 2022 to $8.83M in 2017.

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

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

Latest Data

Trade between Laos () and Spain ()

Laos Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationThailand$3.29B

Spain
Top DestinationFrance$65.2B

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

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

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

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

Comparative Advantage Laos - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, 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).

During 2017, Spain had a large net trade with Laos in the exports of Paper Goods ($3.3M), Textiles ($2.55M), and Machines ($1.95M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Spain+$4.06MLeather Footwear

Top Product Potential Spain Laos+$1.11MCars

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Laos () and Spain ()

Laos Exports

Spain Exports

Market Competitiveness

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

Comparative Advantage Laos - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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