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2022
Exports $1.06MWorld Rnk 94 / 196
Flag Rnk 159 / 648
2022
Destination $150k France
2021 - 2022
FASTEST GROWING MARKET $150kChina
2022
PRODUCT COMPLEXITY IN Essential Oils-1.09Rnk 855 / 1025
2022
Imports $21kWorld Rnk 192 / 214
Flag Rnk 911 / 1071
2022
Origin $2.38k Thailand
2021 - 2022
FASTEST GROWING ORIGIN $2.38kGermany
2022
ECONOMIC COMPLEXITY of Laos-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $1.06M in Essential Oils, making it the 94th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 159th most exported product in Laos. The main destination of Essential Oils exports from Laos are: France ($565k), Switzerland ($236k), China ($161k), Spain ($36.2k), and United Kingdom ($27.1k).

The fastest growing export markets for Essential Oils of Laos between 2021 and 2022 were China ($150k), Switzerland ($41.5k), and Spain ($34.8k).

Imports In 2022, Laos imported $21k in Essential Oils, becoming the 192nd largest importer of Essential Oils in the world. At the same year, Essential Oils was the 911th most imported product in Laos. Laos imports Essential Oils primarily from: Thailand ($16.1k), Germany ($2.38k), France ($1.15k), South Korea ($1.02k), and India ($328).

The fastest growing import markets in Essential Oils for Laos between 2021 and 2022 were Germany ($2.38k), France ($1.15k), and South Korea ($1.02k).

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 Essential Oils. 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)$1.06M
IMPORTS (2022)$21k
NET TRADE (2022)$1.04M

In 2022, Laos exported $1.06M in Essential Oils. The main destinations of Laos exports on Essential Oils were France ($565k), Switzerland ($236k), China ($161k), Spain ($36.2k), and United Kingdom ($27.1k).

In 2022, Laos imported $21k in Essential Oils, mainly from Thailand ($16.1k), Germany ($2.38k), France ($1.15k), South Korea ($1.02k), and India ($328).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Laos WERE (2021 - 2022):
China$150k (1.41k%)
Switzerland$41.5k (21.4%)
Spain$34.8k (2.43k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Laos WERE (2021 - 2022):
Malaysia-$61.4k (-100%)
United Arab Emirates-$9.21k (-100%)
United States-$8.22k (-50.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Essential Oils were:
India $879M
United States $693M
Brazil $425M
In 2022, Laos's main importing competitors in Essential Oils were:
United States $1.25B
France $440M
Germany $357M

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $301k
TOP IMPORT POTENTIALThailand+ $8.26k

Essential Oils’s highest export potential is China. With an export gap of $301k.   Essential Oils’s highest import potential is Thailand with an import gap of $8.26k.

See methodology.

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