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Pricing

2022
Flag → Flag
Exports $378kRnk 57 / 125
2022
Flag → Flag
Top Product $287kOptical Fibers and optical fibre bundles
2022
Flag → Flag
Exports $10.9kRnk 161 / 178
2022
Flag → Flag
Top Product $5.12kPesticides
2022
Flag
Economic Complexity (ECI) ECI -0.79Rnk 100 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP GROWTH54.3%CURRENT US$
Rnk 52 / 186
2022
Flag
 GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC $2,088CURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 59 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

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 5 years the exports of Laos to Costa Rica have increased at an annualized rate of 42.3%, from $64.8k in 2017 to $378k in 2022.

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

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 5 years the exports of Costa Rica to Laos have decreased at an annualized rate of 23.3%,  from $40.9k in 2017 to $10.9k in 2022.

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

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $378k in 2022.

In 2017, 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 5 years the exports of Costa Rica to Laos have decreased at an annualized rate of 23.3%, from $40.9k in 2022 to $10.9k in 2017.

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

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

Market Competitiveness

Color
Laos
Top DestinationThailand$3.29B
Costa Rica
Top DestinationUnited States$6.83B

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

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

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

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

Comparative Advantage Laos - Costa Rica

Flow
Scale

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

During 2022, Laos had a large net trade with Costa Rica in the exports of Instruments ($287k), Footwear and Headwear ($57.9k), and Machines ($32.9k).

During 2017, Costa Rica had a large net trade with Laos in the exports of Chemical Products ($5.12k), Miscellaneous ($1.65k), and Metals ($1.34k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Laos Costa Rica+$142kOptical Fibers and optical fibre bundles
Top Product Potential Costa Rica Laos+$18.3kPesticides

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

Product Space of Laos (Flag) and Costa Rica (Flag) (2022)

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