Costa Rica (CRI) and Laos (LAO) Trade | The Observatory of Economic Complexity

About

Costa Rica-Laos Trade: In 2022, Costa Rica exported $10.9k to Laos. The main products that Costa Rica exported to Laos were Pesticides ($5.12k), Iron Housewares ($1.31k), and Seats ($1.09k). Over the past 16 years the exports of Costa Rica to Laos have increased at an annualized rate of 5.78%, from $4.43k in 2006 to $10.9k in 2022.

In 2022, Costa Rica did not export any services to Laos.

Laos-Costa Rica Trade: In 2022, Laos exported $378k to Costa Rica. The main products that Laos exported to Costa Rica were Optical Fibers and optical fibre bundles ($287k), Rubber Footwear ($38.7k), and Video Recording Equipment ($32.9k). Over the past 16 years the exports of Laos to Costa Rica have increased at an annualized rate of 42.3%, from $64.8k in 2006 to $378k in 2022.

In 2022, Laos did not export any services to Costa Rica.

Comparison: In 2022, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B). That same year, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Costa Rica exported $10.9k to Laos. The main products exported from Costa Rica to Laos were Pesticides ($5.12k), Iron Housewares ($1.31k), and Seats ($1.09k). During the last 16 years the exports of Costa Rica to Laos have increased at an annualized rate of 5.78%, from $4.43k in 2006 to $10.9k in 2022.

In 2017, Laos exported $378k to Costa Rica. The main products exported from Laos to Costa Rica were Optical Fibers and optical fibre bundles ($287k), Rubber Footwear ($38.7k), and Video Recording Equipment ($32.9k). During the last 5 years the exports of Laos to Costa Rica have increased at an annualized rate of 42.3%, from $64.8k in 2022 to $378k in 2017.

Exports from Costa Rica () to Laos () (2022)

Exports from Laos () to Costa Rica () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Laos
Top DestinationThailand$3.29B

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

In 2022, countries that imported more from Costa Rica than Laos included United States ($6.83B), Netherlands ($1.22B), and Guatemala ($821M).

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

Difference in imports from Laos () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Laos

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Costa Rica had a large net trade with Laos in the exports of Chemical Products ($5.12k), Miscellaneous ($1.65k), and Metals ($1.34k).

During 2017, Laos had a large net trade with Costa Rica in the exports of Instruments ($287k), Footwear and Headwear ($57.9k), and Machines ($32.9k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Costa Rica Laos+$18.3kPesticides

Top Product Potential Laos Costa Rica+$142kOptical Fibers and optical fibre bundles

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

About

Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Laos () (2022)

Exports from Laos () to Costa Rica () (2022)

Market Competitiveness

Difference in imports from Laos () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Laos

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 Costa Rica () and Laos () (2022)

Keep Exploring