Laos (LAO) and Colombia (COL) Trade | The Observatory of Economic Complexity

About

Laos-Colombia Trade: In 2023, Laos exported $2.36M to Colombia. The main products that Laos exported to Colombia were Optical Fibers and optical fibre bundles ($1.51M), Knitted Hats ($266k), and Broadcasting Equipment ($196k). Over the past 5 years the exports of Laos to Colombia have increased at an annualized rate of 24.3%, from $794k in 2018 to $2.36M in 2023.

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

Colombia-Laos Trade: In 2023, Colombia exported $5.27k to Laos. The main products that Colombia exported to Laos were Industrial Food Preperation Machinery ($5.27k). Over the past 5 years the exports of Colombia to Laos have increased at an annualized rate of 9.57%, from $3.34k in 2018 to $5.27k in 2023.

In 2023, Colombia 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, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Laos exported $2.36M to Colombia. The main products exported from Laos to Colombia were Optical Fibers and optical fibre bundles ($1.51M), Knitted Hats ($266k), and Broadcasting Equipment ($196k). During the last 5 years the exports of Laos to Colombia have increased at an annualized rate of 24.3%, from $794k in 2018 to $2.36M in 2023.

In 2018, Colombia exported $5.27k to Laos. The main products exported from Colombia to Laos were Industrial Food Preperation Machinery ($5.27k). During the last 5 years the exports of Colombia to Laos have increased at an annualized rate of 9.57%, from $3.34k in 2023 to $5.27k in 2018.

Exports from Laos () to Colombia () (2023)

Exports from Colombia () to Laos () (2023)

Latest Data

Trade between Laos () and Colombia ()

Laos Exports

Date

Dec 2019

Feb 2019

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationChina$3.41B

Colombia
Top DestinationUnited States$14.8B

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

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

In 2023, countries that imported more from Colombia than Laos included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

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

Comparative Advantage Laos - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Laos had a large net trade with Colombia in the exports of Instruments ($1.51M), Footwear and Headwear ($459k), and Machines ($379k).

During 2018, Colombia had a large net trade with Laos in the exports of Machines ($5.27k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Colombia+$790kTelephones

Top Product Potential Colombia Laos+$9.01kIndustrial Food Preperation Machinery

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

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Colombia () (2023)

Exports from Colombia () to Laos () (2023)

Latest Data

Trade between Laos () and Colombia ()

Laos Exports

Colombia Exports

Market Competitiveness

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

Comparative Advantage Laos - Colombia

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 Laos () and Colombia () (2023)

Keep Exploring