2022
Flag  
GDP
$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP GROWTH
54.3%CURRENT US$
Rnk 52 / 186
2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC 
$2,088CURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 59 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Laos-South Korea Trade: In 2022, Laos exported $77.3M to South Korea. The main products that Laos exported to South Korea were Wood Charcoal ($30.7M), Potassic Fertilizers ($24.5M), and Hydrometers ($9.31M). Over the past 5 years the exports of Laos to South Korea have increased at an annualized rate of 23.4%, from $27M in 2017 to $77.3M in 2022.

In 2022, Laos did not export any services to South Korea.

South Korea-Laos Trade: In 2022, South Korea exported $64.3M to Laos. The main products that South Korea exported to Laos were Delivery Trucks ($22.4M), Large Construction Vehicles ($7.4M), and Cars ($4.63M). Over the past 5 years the exports of South Korea to Laos have decreased at an annualized rate of 9.26%,  from $105M in 2017 to $64.3M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Laos exported $77.3M to South Korea. The main products exported from Laos to South Korea were Wood Charcoal ($30.7M), Potassic Fertilizers ($24.5M), and Hydrometers ($9.31M). During the last 5 years the exports of Laos to South Korea have increased at an annualized rate of 23.4%, from $27M in 2017 to $77.3M in 2022.

In 2017, South Korea exported $64.3M to Laos. The main products exported from South Korea to Laos were Delivery Trucks ($22.4M), Large Construction Vehicles ($7.4M), and Cars ($4.63M). During the last 5 years the exports of South Korea to Laos have decreased at an annualized rate of 9.26%, from $105M in 2022 to $64.3M in 2017.

Exports from Laos (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Laos (Flag) (2022)

Latest Data

Trade between Laos (Flag) and South Korea (Flag)

Laos Exports

South Korea Exports

Market Competitiveness

Color
Laos
Top Destination
Thailand$3.29B
South Korea
Top Destination
China$150B

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

In 2022, no countries were registered that imported more from Laos than from South Korea.

In 2022, countries that imported more from South Korea than Laos included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Laos (Flag) (2022)

Comparative Advantage Laos - South Korea

Flow
Scale

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

During 2022, Laos had a large net trade with South Korea in the exports of Wood Products ($31.1M), Chemical Products ($24.6M), and Instruments ($9.31M).

During 2017, South Korea had a large net trade with Laos in the exports of Transportation ($31.2M), Machines ($14.6M), and Foodstuffs ($4.47M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Laos South Korea+$5.22MTelephones
Top Product Potential South Korea Laos+$7.67MCars

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

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

Product Space of Laos (Flag) and South Korea (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with