Laos (LAO) and Peru (PER) Trade | The Observatory of Economic Complexity

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Laos-Peru Trade: In 2023, Laos exported $2.14M to Peru. The main products that Laos exported to Peru were Optical Fibers and optical fibre bundles ($1.43M), Rubber Footwear ($193k), and Broadcasting Equipment ($192k). Over the past 5 years the exports of Laos to Peru have increased at an annualized rate of 20.6%, from $839k in 2018 to $2.14M in 2023.

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

Peru-Laos Trade: In 2023, Peru exported $280 to Laos. The main products that Peru exported to Laos were N/A. Over the past 5 years the exports of Peru to Laos have decreased at an annualized rate of 71.3%, from $145k in 2018 to $280 in 2023.

In 2023, Peru 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, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Laos exported $2.14M to Peru. The main products exported from Laos to Peru were Optical Fibers and optical fibre bundles ($1.43M), Rubber Footwear ($193k), and Broadcasting Equipment ($192k). During the last 5 years the exports of Laos to Peru have increased at an annualized rate of 20.6%, from $839k in 2018 to $2.14M in 2023.

In 2016, Peru exported $280 to Laos. There were not main exports from Peru to Laos in 2016. During the last 5 years the exports of Peru to Laos have decreased at an annualized rate of 71.3%, from $145k in 2021 to $280 in 2016.

Exports from Laos () to Peru () (2023)

Exports from Peru () to Laos () (2023)

Latest Data

Trade between Laos () and Peru ()

Laos Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationChina$3.41B

Peru
Top DestinationChina$22.5B

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

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

In 2023, countries that imported more from Peru than Laos included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

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

Comparative Advantage Laos - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Laos had a large net trade with Peru in the exports of Instruments ($1.43M), Footwear and Headwear ($466k), and Machines ($220k).

During 2016, Peru 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 Peru+$882kTelephones

Top Product Potential Peru Laos+$4.06kGold

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

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Peru () (2023)

Exports from Peru () to Laos () (2023)

Latest Data

Trade between Laos () and Peru ()

Laos Exports

Peru Exports

Market Competitiveness

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

Comparative Advantage Laos - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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