Laos (LAO) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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Laos-Guatemala Trade: In 2022, 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 6 years the exports of Laos to Guatemala have increased at an annualized rate of 48.4%, from $51.7k in 2016 to $551k in 2022.

In 2022, Laos did not export any services to Guatemala.

Guatemala-Laos Trade: In 2022, Guatemala exported $494 to Laos. The main products that Guatemala exported to Laos were N/A. Over the past 6 years the exports of Guatemala to Laos have decreased at an annualized rate of 27.4%, from $2.45k in 2016 to $494 in 2022.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 6 years the exports of Laos to Guatemala have increased at an annualized rate of 48.4%, from $51.7k in 2016 to $551k in 2022.

In 2015, Guatemala exported $494 to Laos. There were not main exports from Guatemala to Laos in 2015. During the last 5 years the exports of Guatemala to Laos have decreased at an annualized rate of 27.4%, from $2.45k in 2020 to $494 in 2015.

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

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

Latest Data

Trade between Laos () and Guatemala ()

Guatemala Exports

Date

Oct 2015

May 2014

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationThailand$3.29B

Guatemala
Top DestinationUnited States$5.23B

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

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

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

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

Comparative Advantage Laos - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Laos had a large net trade with Guatemala in the exports of Machines ($291k), Instruments ($134k), and Footwear and Headwear ($122k).

During 2015, Guatemala had a large net trade with Laos in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Guatemala+$506kTelephones

Top Product Potential Guatemala Laos+$2.66kRaw Sugar

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Laos () and Guatemala ()

Guatemala Exports

Market Competitiveness

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

Comparative Advantage Laos - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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