2022
Exports
$2.84MWorld Rnk 34 / 153
Flag Rnk 111 / 648
2022
PRODUCT COMPLEXITY IN Insect Resins
-2.5Rnk 1019 / 1025
2022
Imports
$149kWorld Rnk 119 / 197
Flag Rnk 735 / 1071
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $2.84M in Insect Resins, making it the 34th largest exporter of Insect Resins in the world. At the same year, Insect Resins was the 111th most exported product in Laos. The main destination of Insect Resins exports from Laos are: Thailand ($865k), France ($681k), Spain ($596k), India ($265k), and Vietnam ($250k).

The fastest growing export markets for Insect Resins of Laos between 2021 and 2022 were Spain ($361k), Thailand ($278k), and Vietnam ($170k).

Imports In 2022, Laos imported $149k in Insect Resins, becoming the 119th largest importer of Insect Resins in the world. At the same year, Insect Resins was the 735th most imported product in Laos. Laos imports Insect Resins primarily from: Indonesia ($147k) and Thailand ($1.99k).

The fastest growing import markets in Insect Resins for Laos between 2021 and 2022 were Indonesia ($26k).

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 Insect Resins. 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)$2.84M
IMPORTS (2022)$149k
NET TRADE (2022)$2.69M

In 2022, Laos exported $2.84M in Insect Resins. The main destinations of Laos exports on Insect Resins were Thailand ($865k), France ($681k), Spain ($596k), India ($265k), and Vietnam ($250k).

In 2022, Laos imported $149k in Insect Resins, mainly from Indonesia ($147k) and Thailand ($1.99k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insect Resins EXPORT MARKETS FOR Laos WERE (2021 - 2022):
Spain$361k (154%)
Thailand$278k (47.3%)
Vietnam$170k (210%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insect Resins BY Laos WERE (2021 - 2022):
China-$111k (-100%)
Netherlands-$33k (-100%)
Switzerland-$29k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Insect Resins were:
In 2022, Laos's main importing competitors in Insect Resins were:

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Trade Value of Insect Resins by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $408k
TOP IMPORT POTENTIALThailand+ $6.67k

Insect Resins’s highest export potential is India. With an export gap of $408k.   Insect Resins’s highest import potential is Thailand with an import gap of $6.67k.

See methodology.

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