Paraguay (PRY) and Laos (LAO) Trade | The Observatory of Economic Complexity

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In N/A, Paraguay did not export any services to Laos.

Laos-Paraguay Trade: In N/A, Laos exported $2.28k to Paraguay. The main products that Laos exported to Paraguay were Textile Footwear ($1.52k) and Office Machine Parts ($762). Over the past N/A years the exports of Laos to Paraguay have increased at an annualized rate of 32.1%, from $568 in N/A to $2.28k in N/A.

In N/A, Laos did not export any services to Paraguay.

Comparison: In 2022, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B). That same year, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

Paraguay does not register exports to Laos.

In 2017, Laos exported $2.28k to Paraguay. The main products exported from Laos to Paraguay were Textile Footwear ($1.52k) and Office Machine Parts ($762). During the last 5 years the exports of Laos to Paraguay have increased at an annualized rate of 32.1%, from $568 in 2022 to $2.28k in 2017.

Exports from Paraguay () to Laos () (2022)

Exports from Laos () to Paraguay () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Laos
Top DestinationThailand$3.29B

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

In 2022, countries that imported more from Paraguay than Laos included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

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

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

Comparative Advantage Paraguay - Laos

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2017, Laos had a large net trade with Paraguay in the exports of Footwear and Headwear ($1.52k) and Machines ($762).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Laos+$2.11kElectricity

Top Product Potential Laos Paraguay+$6.72kTextile Footwear

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Laos () (2022)

Exports from Laos () to Paraguay () (2022)

Market Competitiveness

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

Comparative Advantage Paraguay - Laos

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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