Laos (LAO) and Canada (CAN) Trade | The Observatory of Economic Complexity

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Laos-Canada Trade: In 2023, Laos exported $25.4M to Canada. The main products that Laos exported to Canada were Hydrogen ($3.64M), Video Recording Equipment ($2.32M), and Leather Footwear ($2.27M). Over the past 5 years the exports of Laos to Canada have decreased at an annualized rate of 12.9%, from $50.7M in 2018 to $25.4M in 2023.

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

Canada-Laos Trade: In 2023, Canada exported $13.5M to Laos. The main products that Canada exported to Laos were Sulfate Chemical Woodpulp ($11.9M), Other Steel Bars ($296k), and Ethylene Polymers ($264k). Over the past 5 years the exports of Canada to Laos have increased at an annualized rate of 32.8%, from $3.28M in 2018 to $13.5M in 2023.

In 2023, Canada 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, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Laos exported $25.4M to Canada. The main products exported from Laos to Canada were Hydrogen ($3.64M), Video Recording Equipment ($2.32M), and Leather Footwear ($2.27M). During the last 5 years the exports of Laos to Canada have decreased at an annualized rate of 12.9%, from $50.7M in 2018 to $25.4M in 2023.

In 2018, Canada exported $13.5M to Laos. The main products exported from Canada to Laos were Sulfate Chemical Woodpulp ($11.9M), Other Steel Bars ($296k), and Ethylene Polymers ($264k). During the last 5 years the exports of Canada to Laos have increased at an annualized rate of 32.8%, from $3.28M in 2023 to $13.5M in 2018.

Exports from Laos () to Canada () (2023)

Exports from Canada () to Laos () (2023)

Latest Data

Trade between Laos () and Canada ()

Laos Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationChina$3.41B

Canada
Top DestinationUnited States$410B

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

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

In 2023, countries that imported more from Canada than Laos included United States ($410B), China ($31.1B), and United Kingdom ($18B).

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

Comparative Advantage Laos - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Laos had a large net trade with Canada in the exports of Textiles ($8.8M), Machines ($7.13M), and Footwear and Headwear ($4.85M).

During 2018, Canada had a large net trade with Laos in the exports of Paper Goods ($12M), Metals ($521k), and Plastics and Rubbers ($282k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Canada+$6.65MTelephones

Top Product Potential Canada Laos+$389kEthylene Polymers

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

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Canada () (2023)

Exports from Canada () to Laos () (2023)

Latest Data

Trade between Laos () and Canada ()

Laos Exports

Canada Exports

Market Competitiveness

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

Comparative Advantage Laos - Canada

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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