Refined Petroleum in Laos

EXPORTS (2018): $162k, World Rnk 164 / 198
Flag Rnk 202 / 490

TOP DESTINATION (2018): $160k, South Korea

FASTEST GROWING MARKET (2017 - 2018): $64.1k, South Korea

IMPORTS (2018): $864M, World Rnk 99 / 221
Flag Rnk 1 / 1026

TOP ORIGIN (2018): $861M, Thailand

FASTEST GROWING ORIGIN (2017 - 2018): $861M, Thailand

ECONOMIC COMPLEXITY of Laos (2018): -1.16, Rnk 116 / 137

PRODUCT COMPLEXITY  IN Refined Petroleum (2018): -0.97, Rnk 812 / 1018

Overview: This page contains the latest trade data of Refined Petroleum in Laos.

Exports: In 2018, Laos exported $162k in Refined Petroleum, making it the 164th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 202nd most exported product in Laos. The main destination of Refined Petroleum exports from Laos are: South Korea ($160k) and Thailand ($2.11k).

The fastest growing export markets for Refined Petroleum of Laos between 2017 and 2018 were South Korea ($64.1k) and Thailand ($2.11k).

Imports: In 2018, Laos imported $864M in Refined Petroleum, becoming the 99th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Laos. Laos imports Refined Petroleum primarily from: Thailand ($861M), South Korea ($1.35M), China ($1.13M), Austria ($814k), and Singapore ($188k).

The fastest growing import markets in Refined Petroleum for Laos between 2017 and 2018 were Thailand ($861M), Austria ($811k), and China ($595k).

Tariffs: In 2018, the average tariff for Laos in Refined Petroleum was 5.29%. The countries with the highest import tariffs for Refined Petroleum were Angola (5.53%), Burundi (5.53%), Benin (5.53%), Burkina Faso (5.53%), and Botswana (5.53%).

Value

EXPORTS (2018): $162k

IMPORTS (2018): $864M

NET TRADE (2018): -$864M

In 2018, Laos exported $162k in Refined Petroleum. The main destinations of Laos exports on Refined Petroleum were South Korea ($160k) and Thailand ($2.11k).

In 2018, Laos imported $864M in Refined Petroleum, mainly from Thailand ($861M), South Korea ($1.35M), China ($1.13M), Austria ($814k), and Singapore ($188k).

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IN 2018, Laos HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

  • Thailand, -$861M ($2.11k - $861M)
  • South Korea, -$1.19M ($160k - $1.35M)
  • China, -$1.13M ($0 - $1.13M)
Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Laos WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Laos's main exporting competitors in Refined Petroleum were:

In 2018, Laos's main importing competitors in Refined Petroleum were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Refined Petroleum in Laos. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for Laos in Refined Petroleum was 5.29%.

The countries with the highest tariffs for Refined Petroleum in Laos were Angola (5.53%), Burundi (5.53%), Benin (5.53%), Burkina Faso (5.53%), and Botswana (5.53%).

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