2022
Exports
$36.6MWorld Rnk 84 / 222
Flag Rnk 35 / 648
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.59Rnk 723 / 1025
2022
Imports
$76.8MWorld Rnk 104 / 225
Flag Rnk 15 / 1071
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $36.6M in Insulated Wire, making it the 84th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 35th most exported product in Laos. The main destination of Insulated Wire exports from Laos are: Japan ($23.3M), Thailand ($10.5M), China ($930k), United States ($850k), and Vietnam ($699k).

The fastest growing export markets for Insulated Wire of Laos between 2021 and 2022 were Japan ($5.93M), United States ($297k), and Vietnam ($66k).

Imports In 2022, Laos imported $76.8M in Insulated Wire, becoming the 104th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 15th most imported product in Laos. Laos imports Insulated Wire primarily from: China ($47.6M), Thailand ($14.6M), Vietnam ($8.77M), Japan ($3.08M), and Indonesia ($1.74M).

The fastest growing import markets in Insulated Wire for Laos between 2021 and 2022 were China ($6.86M), Indonesia ($237k), and Poland ($222k).

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 Insulated Wire. 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)$36.6M
IMPORTS (2022)$76.8M
NET TRADE (2022)-$40.2M

In 2022, Laos exported $36.6M in Insulated Wire. The main destinations of Laos exports on Insulated Wire were Japan ($23.3M), Thailand ($10.5M), China ($930k), United States ($850k), and Vietnam ($699k).

In 2022, Laos imported $76.8M in Insulated Wire, mainly from China ($47.6M), Thailand ($14.6M), Vietnam ($8.77M), Japan ($3.08M), and Indonesia ($1.74M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Laos WERE (2021 - 2022):
Japan$5.93M (34.1%)
United States$297k (53.8%)
Vietnam$66k (10.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Laos WERE (2021 - 2022):
Thailand-$2.98M (-22.2%)
Malaysia-$2.63M (-95.5%)
Philippines-$1.58M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Insulated Wire were:
In 2022, Laos's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $7.53M
TOP IMPORT POTENTIALChina+ $25.9M

Insulated Wire’s highest export potential is Thailand. With an export gap of $7.53M.   Insulated Wire’s highest import potential is China with an import gap of $25.9M.

See methodology.

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