Laos (LAO) and Mexico (MEX) Trade | The Observatory of Economic Complexity

About

Laos-Mexico Trade: In 2023, Laos exported $53M to Mexico. The main products that Laos exported to Mexico were Optical Fibers and optical fibre bundles ($25.3M), Broadcasting Equipment ($20.1M), and Video Recording Equipment ($5.73M). Over the past 5 years the exports of Laos to Mexico have increased at an annualized rate of 11.6%, from $30.6M in 2018 to $53M in 2023.

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

Mexico-Laos Trade: In 2023, Mexico exported $771k to Laos. The main products that Mexico exported to Laos were N/A. Over the past 5 years the exports of Mexico to Laos have decreased at an annualized rate of 3.44%, from $919k in 2018 to $771k in 2023.

In 2023, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Laos exported $53M to Mexico. The main products exported from Laos to Mexico were Optical Fibers and optical fibre bundles ($25.3M), Broadcasting Equipment ($20.1M), and Video Recording Equipment ($5.73M). During the last 5 years the exports of Laos to Mexico have increased at an annualized rate of 11.6%, from $30.6M in 2018 to $53M in 2023.

In 2017, Mexico exported $771k to Laos. There were not main exports from Mexico to Laos in 2017. During the last 5 years the exports of Mexico to Laos have decreased at an annualized rate of 3.44%, from $919k in 2022 to $771k in 2017.

Exports from Laos () to Mexico () (2023)

Exports from Mexico () to Laos () (2023)

Latest Data

Trade between Laos () and Mexico ()

Laos Exports

Date

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationChina$3.41B

Mexico
Top DestinationUnited States$456B

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

In 2023, countries that imported more from Laos than Mexico included Thailand ($2.99B), Cambodia ($190M), and Burma ($5.8M).

In 2023, countries that imported more from Mexico than Laos included United States ($456B), Canada ($33B), and China ($15B).

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

Comparative Advantage Laos - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Laos had a large net trade with Mexico in the exports of Machines ($26.9M), Instruments ($25.3M), and Footwear and Headwear ($646k).

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

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Mexico+$13.2MTelephones

Top Product Potential Mexico Laos+$5.8kCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Mexico () (2023)

Exports from Mexico () to Laos () (2023)

Latest Data

Trade between Laos () and Mexico ()

Laos Exports

Mexico Exports

Market Competitiveness

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

Comparative Advantage Laos - Mexico

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring