2022
Exports
$3.53MWorld Rnk 143 / 226
Flag Rnk 44 / 94
2022
PRODUCT COMPLEXITY IN Cars, tractors, trucks & parts thereof.
1Rnk 170 / 1025
2022
Imports
$593MWorld Rnk 112 / 226
Flag Rnk 4 / 96
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $3.53M in Cars, tractors, trucks & parts thereof., making it the 143rd largest exporter of Cars, tractors, trucks & parts thereof. in the world. At the same year, Cars, tractors, trucks & parts thereof. was the 44th most exported product in Laos. The main destination of Cars, tractors, trucks & parts thereof. exports from Laos are: Thailand ($3.42M), Philippines ($50.5k), United States ($34.7k), Lebanon ($12.5k), and Singapore ($5.2k).

The fastest growing export markets for Cars, tractors, trucks & parts thereof. of Laos between 2021 and 2022 were Philippines ($38.5k), United States ($34.7k), and Lebanon ($12.5k).

Imports In 2022, Laos imported $593M in Cars, tractors, trucks & parts thereof., becoming the 112th largest importer of Cars, tractors, trucks & parts thereof. in the world. At the same year, Cars, tractors, trucks & parts thereof. was the 4th most imported product in Laos. Laos imports Cars, tractors, trucks & parts thereof. primarily from: Thailand ($269M), China ($204M), Vietnam ($32M), Japan ($31.9M), and South Korea ($31.2M).

The fastest growing import markets in Cars, tractors, trucks & parts thereof. for Laos between 2021 and 2022 were China ($17.3M), South Korea ($2.83M), and Slovakia ($958k).

COMPANIES In 2023, leading companies such as Stihl (10), Goya Foods (2), and Norwegian Cruise Line (2) were at the forefront of shipping Cars, tractors, trucks & parts thereof. from Laos to the United States.

Latest Trends

Oct 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 Cars, tractors, trucks & parts thereof.. 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)$3.53M
IMPORTS (2022)$593M
NET TRADE (2022)-$590M

In 2022, Laos exported $3.53M in Cars, tractors, trucks & parts thereof.. The main destinations of Laos exports on Cars, tractors, trucks & parts thereof. were Thailand ($3.42M), Philippines ($50.5k), United States ($34.7k), Lebanon ($12.5k), and Singapore ($5.2k).

In 2022, Laos imported $593M in Cars, tractors, trucks & parts thereof., mainly from Thailand ($269M), China ($204M), Vietnam ($32M), Japan ($31.9M), and South Korea ($31.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars, tractors, trucks & parts thereof. EXPORT MARKETS FOR Laos WERE (2021 - 2022):
Philippines$38.5k (322%)
United States$34.7k (1%)
Lebanon$12.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars, tractors, trucks & parts thereof. BY Laos WERE (2021 - 2022):
Poland-$3.34M (-100%)
Thailand-$1.94M (-36.2%)
Honduras-$339k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Cars, tractors, trucks & parts thereof. were:
In 2022, Laos's main importing competitors in Cars, tractors, trucks & parts thereof. were:

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Trade Value of Cars, tractors, trucks & parts thereof. by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALThailand+ $3.01M
TOP IMPORT POTENTIALChina+ $106M

Cars, tractors, trucks & parts thereof.’s highest export potential is Thailand. With an export gap of $3.01M.   Cars, tractors, trucks & parts thereof.’s highest import potential is China with an import gap of $106M.

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