2022
Exports
$17.5kWorld Rnk 147 / 219
Flag Rnk 358 / 648
2022
PRODUCT COMPLEXITY IN Ball Bearings
1.2Rnk 104 / 1025
2022
Imports
$8.72MWorld Rnk 101 / 220
Flag Rnk 155 / 1071
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $17.5k in Ball Bearings, making it the 147th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 358th most exported product in Laos. The main destination of Ball Bearings exports from Laos are: Thailand ($11.6k) and Canada ($5.83k).

The fastest growing export markets for Ball Bearings of Laos between 2021 and 2022 were Thailand ($11.5k) and Canada ($5.83k).

Imports In 2022, Laos imported $8.72M in Ball Bearings, becoming the 101st largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 155th most imported product in Laos. Laos imports Ball Bearings primarily from: Thailand ($5.83M), China ($2.4M), Vietnam ($265k), Germany ($89.6k), and Australia ($63.1k).

The fastest growing import markets in Ball Bearings for Laos between 2021 and 2022 were China ($662k), Thailand ($390k), and Vietnam ($21.5k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Ball Bearings. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$17.5k
IMPORTS (2022)$8.72M
NET TRADE (2022)-$8.7M

In 2022, Laos exported $17.5k in Ball Bearings. The main destinations of Laos exports on Ball Bearings were Thailand ($11.6k) and Canada ($5.83k).

In 2022, Laos imported $8.72M in Ball Bearings, mainly from Thailand ($5.83M), China ($2.4M), Vietnam ($265k), Germany ($89.6k), and Australia ($63.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Laos WERE (2021 - 2022):
Thailand$11.5k (14.8k%)
Canada$5.83k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Laos WERE (2021 - 2022):
Philippines-$9.28k (-100%)
Eswatini-$1.65k (-100%)
Vietnam-$548 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Ball Bearings were:
China $7.18B
Germany $5.05B
Japan $4.49B
In 2022, Laos's main importing competitors in Ball Bearings were:

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Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $23k
TOP IMPORT POTENTIALChina+ $2.7M

Ball Bearings’s highest export potential is Thailand. With an export gap of $23k.   Ball Bearings’s highest import potential is China with an import gap of $2.7M.

See methodology.

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