Flag Mexico / Laos Flag

Exports Flag β†’ Flag  (2018): $10.4M, Rnk 112 / 196

Top Product Flag β†’ Flag (2018): $7.71M, Cars

Exports Flag β†’ Flag (2018): $31.3M, Rnk 7 / 99

Top Product Flag β†’ Flag (2018): $27.2M, Telephones

Economic Complexity of Flag (2018): ECI 1.13, Rnk 21 / 137

Economic Complexity of Flag (2018): ECI -1.16, Rnk 116 / 137

GDP Flag (2018): $1.22T, CURRENT US$
Rnk 15 / 196

GDP GROWTH Flag (2008-2018): 9.97%, CURRENT US$
Rnk 144 / 196

GDP Flag (2018): $18B, CURRENT US$
Rnk 117 / 196

GDP GROWTH Flag (2008-2018): 230%, CURRENT US$
Rnk 2 / 196

GDP PC Flag (2018): $9,673, CURRENT US$
Rnk 79 / 196

GDP PC GROWTH Flag (2008-2018): -3.43%, CURRENT US$
Rnk 159 / 196

GDP PC Flag (2018): $2,542, CURRENT US$
Rnk 143 / 196

GDP PC GROWTH Flag (2008-2018): 182%, CURRENT US$
Rnk 2 / 196

Mexico-Laos: In 2018, Mexico exported $10.4M to Laos. The main products exported from Mexico to Laos were Cars ($7.71M), Telephones ($2.35M), and Electrical Transformers ($176k). During the last 17 years the exports of Mexico to Laos have increased at an annualized rate of 63.1%, from $2.53k in 2001 to $10.4M in 2018.

Laos-Mexico: In 2018, Laos exported $31.3M to Mexico. The main products exported from Laos to Mexico were Telephones ($27.2M), Video Recording Equipment ($2.37M), and Optical Fibers ($660k). During the last 23 years the exports of Laos to Mexico have increased at an annualized rate of 24%, from $808k in 1995 to $31.3M in 2018.

Comparison: In 2018, Mexico ranked 21 in the Economic Complexity Index (ECI 1.13), and 11 in total exports ($441B). That same year, Laos ranked 116 in the Economic Complexity Index (ECI -1.16), and 112 in total exports ($5.09B). In terms of GDP Per Capita, Mexico was ranked 79 with a GDP Per Capita of $9,673, and Laos was ranked 143 with a GDP Per Capita of $2,542.

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, Mexico exported $10.4M to Laos. The main products exported from Mexico to Laos were Cars ($7.71M), Telephones ($2.35M), and Electrical Transformers ($176k). During the last 17 years the exports of Mexico to Laos have increased at an annualized rate of 63.1%, from $2.53k in 2001 to $10.4M in 2018.

In 2018, Laos exported $31.3M to Mexico. The main products exported from Laos to Mexico were Telephones ($27.2M), Video Recording Equipment ($2.37M), and Optical Fibers ($660k). During the last 23 years the exports of Laos to Mexico have increased at an annualized rate of 24%, from $808k in 1995 to $31.3M in 2018.

Market Competitiveness

#permalink to section
Measure

Mexico
Top Destination
: United States, $340B

Laos
Top Destination
: Thailand, $2.6B

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

In 2018, countries that imported more from Mexico than Laos were United States ($340B), Canada ($18.3B), and Germany ($7.83B).

In 2018, countries that imported more from Laos than Mexico were Thailand ($2.6B) and Cape Verde ($10M).

Comparative Advantage Mexico - Laos

#permalink to section
Depth

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

During 2018, Mexico had a large net trade with Laos in the exports of Transportation ($7.72M), Machines ($2.63M), and Foodstuffs ($24.1k).

During 2018, Laos had a large net trade with Mexico in the exports of Machines ($30M), Instruments ($660k), and Textiles ($455k).

Tariff Section

#permalink to section

This sections shows import tariffs for products traded between Mexico and Laos (using the HS6 product classification and the last year reported).

In 2017, the products from Mexico that paid the highest import tariffs to enter Laos were Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, fresh or chilled (75%) and Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, frozen (75%).

In 2018, the products from Laos that paid the highest import tariffs to enter Mexico were Cabbage lettuce (head lettuce) fresh or chilled (40%) and Lettuce, fresh or chilled except cabbage lettuce (40%).

Explore Tariff Data

*The tariffs present between Mexico and Laos are:
136: Most Favoured Nation duty rate treatement

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between Mexico and Laos. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Mexico has comparative advantage over Laos. Similarly, the more red a dot/product is, the more Laos has comparative advantage over Mexico.