2022
Exports
$4.5kWorld Rnk 162 / 169
Flag Rnk 434 / 648
2022
PRODUCT COMPLEXITY IN Cranes
0.76Rnk 258 / 1025
2022
Imports
$7.72MWorld Rnk 114 / 215
Flag Rnk 170 / 1071
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $4.5k in Cranes, making it the 162nd largest exporter of Cranes in the world. At the same year, Cranes was the 434th most exported product in Laos. The main destination of Cranes exports from Laos are: Thailand ($4.5k).

The fastest growing export markets for Cranes of Laos between 2021 and 2022 were Thailand ($4.5k).

Imports In 2022, Laos imported $7.72M in Cranes, becoming the 114th largest importer of Cranes in the world. At the same year, Cranes was the 170th most imported product in Laos. Laos imports Cranes primarily from: China ($7.17M), Thailand ($487k), Japan ($29.6k), Vietnam ($23.2k), and Australia ($4.45k).

The fastest growing import markets in Cranes for Laos between 2021 and 2022 were Australia ($3.92k).

Latest Trends

Sep 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 Cranes. 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)$4.5k
IMPORTS (2022)$7.72M
NET TRADE (2022)-$7.71M

In 2022, Laos exported $4.5k in Cranes. The main destinations of Laos exports on Cranes were Thailand ($4.5k).

In 2022, Laos imported $7.72M in Cranes, mainly from China ($7.17M), Thailand ($487k), Japan ($29.6k), Vietnam ($23.2k), and Australia ($4.45k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cranes EXPORT MARKETS FOR Laos WERE (2021 - 2022):Thailand$4.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cranes BY Laos WERE (2021 - 2022):Vietnam-$224k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Cranes were:
China $4.1B
Germany $1.93B
Italy $1.28B
In 2022, Laos's main importing competitors in Cranes were:

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Trade Value of Cranes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $7.57k
TOP IMPORT POTENTIALChina+ $2.61M

Cranes’s highest export potential is Thailand. With an export gap of $7.57k.   Cranes’s highest import potential is China with an import gap of $2.61M.

See methodology.

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