Laos (LAO) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

About

Laos-Paraguay Trade: In 2023, Laos exported $5.86k to Paraguay. The main products that Laos exported to Paraguay were Knit Men's Shirts ($4.44k) and Knit Women's Shirts ($1.43k). Over the past 5 years the exports of Laos to Paraguay have decreased at an annualized rate of 16.5%, from $14.4k in 2018 to $5.86k in 2023.

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

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

In 2023, Paraguay 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, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Laos exported $5.86k to Paraguay. The main products exported from Laos to Paraguay were Knit Men's Shirts ($4.44k) and Knit Women's Shirts ($1.43k). During the last 5 years the exports of Laos to Paraguay have decreased at an annualized rate of 16.5%, from $14.4k in 2018 to $5.86k in 2023.

Paraguay does not register exports to Laos.

Exports from Laos () to Paraguay () (2023)

Exports from Paraguay () to Laos () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationChina$3.41B

Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Laos than Paraguay included China ($3.41B), Thailand ($2.99B), and Australia ($367M).

In 2023, countries that imported more from Paraguay than Laos included Argentina ($4B), Brazil ($3B), and Chile ($1.26B).

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

Comparative Advantage Laos - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Laos had a large net trade with Paraguay in the exports of Textiles ($5.86k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Paraguay+$6.72kTextile Footwear

Top Product Potential Paraguay Laos+$2.11kElectricity

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

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Paraguay () (2023)

Exports from Paraguay () to Laos () (2023)

Market Competitiveness

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

Comparative Advantage Laos - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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