Laos (LAO) and Panama (PAN) Trade | The Observatory of Economic Complexity

About

Laos-Panama Trade: In 2022, Laos exported $76.1k to Panama. The main products that Laos exported to Panama were Rubber Footwear ($58.4k), Textile Footwear ($7.27k), and Leather Footwear ($6.48k). Over the past 5 years the exports of Laos to Panama have decreased at an annualized rate of 8.99%, from $122k in 2017 to $76.1k in 2022.

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

Panama-Laos Trade: In 2022, Panama exported $282 to Laos. The main products that Panama exported to Laos were N/A. Over the past 5 years the exports of Panama to Laos have decreased at an annualized rate of 41.8%, from $4.23k in 2017 to $282 in 2022.

In 2022, Panama 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, Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Laos exported $76.1k to Panama. The main products exported from Laos to Panama were Rubber Footwear ($58.4k), Textile Footwear ($7.27k), and Leather Footwear ($6.48k). During the last 5 years the exports of Laos to Panama have decreased at an annualized rate of 8.99%, from $122k in 2017 to $76.1k in 2022.

In 2016, Panama exported $282 to Laos. There were not main exports from Panama to Laos in 2016. During the last 5 years the exports of Panama to Laos have decreased at an annualized rate of 41.8%, from $4.23k in 2021 to $282 in 2016.

Exports from Laos () to Panama () (2022)

Exports from Panama () to Laos () (2022)

Latest Data

Trade between Laos () and Panama ()

Laos Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationThailand$3.29B

Panama
Top DestinationChina$1.14B

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

In 2022, countries that imported more from Laos than Panama included Thailand ($3.29B), China ($2.73B), and Vietnam ($978M).

In 2022, countries that imported more from Panama than Laos included Japan ($785M), South Korea ($539M), and Spain ($306M).

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

Comparative Advantage Laos - Panama

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Laos had a large net trade with Panama in the exports of Footwear and Headwear ($76.1k).

During 2016, Panama 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 Panama+$99kRubber Footwear

Top Product Potential Panama Laos+$2.33kRefined 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.

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

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Panama () (2022)

Exports from Panama () to Laos () (2022)

Latest Data

Trade between Laos () and Panama ()

Laos Exports

Market Competitiveness

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

Comparative Advantage Laos - Panama

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 Panama () (2022)

Keep Exploring