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).