HS Icon Cars in  Flag Laos

2021
Exports | Imports
: $326k | $252M, World Rnk 162 / 218
Flag Rnk 265 / 742 | World Rnk 107 / 226
Flag Rnk 3 / 1118

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $44.4k | $80.2M, Honduras |  Thailand

2021
ECONOMIC COMPLEXITY of Laos
: -0.7, Rnk 95 / 131

2021
PRODUCT COMPLEXITY IN Cars
: 0.9, Rnk 202 / 1029

Exports In 2021, Laos exported $326k in Cars, making it the 162nd largest exporter of Cars in the world. At the same year, Cars was the 265th most exported product in Laos. The main destination of Cars exports from Laos are: Honduras ($311k), Philippines ($11.9k), and Slovakia ($3.22k).

The fastest growing export markets for Cars of Laos between 2020 and 2021 were Honduras ($44.4k), Philippines ($11.9k), and Slovakia ($3.22k).

Imports In 2021, Laos imported $252M in Cars, becoming the 107th largest importer of Cars in the world. At the same year, Cars was the 3rd most imported product in Laos. Laos imports Cars primarily from: Thailand ($176M), Japan ($27.4M), China ($15.1M), India ($5.58M), and United Kingdom ($5.55M).

The fastest growing import markets in Cars for Laos between 2020 and 2021 were Thailand ($80.2M), China ($8.94M), and India ($3.59M).

Tariffs In 2018, the average tariff for Laos in Cars was 1.65%. The countries with the highest import tariffs for Cars were India (Preferential tariff for India, 8%), Australia (AANZFTA ASEAN - Australia - New Zealand Free Trade Area, 5%), New Zealand (AANZFTA ASEAN - Australia - New Zealand Free Trade Area, 5%), Angola (Most Favoured Nation duty rate treatment, 1.66%), and Burundi (Most Favoured Nation duty rate treatment, 1.66%).

Subnational Monthly Trade

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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. 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

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EXPORTS (2021): $326k

IMPORTS (2021): $252M

NET TRADE (2021): -$252M

In 2021, Laos exported $326k in Cars. The main destinations of Laos exports on Cars were Honduras ($311k), Philippines ($11.9k), and Slovakia ($3.22k).

In 2021, Laos imported $252M in Cars, mainly from Thailand ($176M), Japan ($27.4M), China ($15.1M), India ($5.58M), and United Kingdom ($5.55M).

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Flow

THE FASTEST GROWING Cars EXPORT MARKETS FOR Laos WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Laos WERE (2020 - 2021):

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Market Concentration

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In 2021, Laos's main exporting competitors in Cars were:

In 2021, Laos's main importing competitors in Cars were:

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