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Flag → Flag
Exports $551kRnk 51 / 125
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Flag → Flag
Top Product $289kVideo Displays
2022
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Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
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Economic Complexity (ECI) ECI -0.79Rnk 100 / 133
2022
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GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
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GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
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 GDP$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
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GDP GROWTH54.3%CURRENT US$
Rnk 52 / 186
2022
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GDP PC $5,473CURRENT US$
Rnk 107 / 186
2012-2022
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GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186
2022
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GDP PC$2,088CURRENT US$
Rnk 149 / 186
2012-2022
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GDP PC GROWTH33.4%CURRENT US$
Rnk 59 / 186

About

In N/A, Guatemala did not export any services to Laos.

Laos-Guatemala Trade: In N/A, Laos exported $551k to Guatemala. The main products that Laos exported to Guatemala were Video Displays ($289k), Optical Fibers and optical fibre bundles ($134k), and Knitted Hats ($42.4k). Over the past N/A years the exports of Laos to Guatemala have increased at an annualized rate of 22.3%,  from $49.3k in N/A to $551k in N/A.

In N/A, Laos did not export any services to Guatemala.

Comparison: In 2022,  Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B). 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
Value

Guatemala does not register exports to Laos.

In 2017, Laos exported $551k to Guatemala. The main products exported from Laos to Guatemala were Video Displays ($289k), Optical Fibers and optical fibre bundles ($134k), and Knitted Hats ($42.4k). During the last 5 years the exports of Laos to Guatemala have increased at an annualized rate of 22.3%, from $49.3k in 2022 to $551k in 2017.

Exports from Guatemala (Flag) to Laos (Flag) (2022)

Exports from Laos (Flag) to Guatemala (Flag) (2022)

Latest Data

Trade between Guatemala (Flag) and Laos (Flag)

Guatemala Exports

Date

Market Competitiveness

Color
Guatemala
Top DestinationUnited States$5.23B
Laos
Top DestinationThailand$3.29B

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

In 2022, countries that imported more from Guatemala than Laos included United States ($5.23B), El Salvador ($2.03B), and Honduras ($1.58B).

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

Difference in imports from Laos (Flag) and Guatemala (Flag) (2022)

Comparative Advantage Guatemala - Laos

Flow
Scale

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

During 2017, Laos had a large net trade with Guatemala in the exports of Machines ($291k), Instruments ($134k), and Footwear and Headwear ($122k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guatemala Laos+$2.66kRaw Sugar
Top Product Potential Laos Guatemala+$506kTelephones

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

This visualization shows the product space at the HS4 level with the flags of Guatemala and Laos. This means that a dot/product with the flag of Guatemala indicates it has a comparative advantage over Laos. Similarly, a dot/product with the flag of Laos indicates it has a comparative advantage over Guatemala.

Product Space of Guatemala (Flag) and Laos (Flag) (2022)

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