2022
Exports
$4.64kWorld Rnk 139 / 207
Flag Rnk 433 / 648
2022
PRODUCT COMPLEXITY IN Iron Springs
0.94Rnk 195 / 1025
2022
Imports
$2.27MWorld Rnk 107 / 218
Flag Rnk 334 / 1071
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $4.64k in Iron Springs, making it the 139th largest exporter of Iron Springs in the world. At the same year, Iron Springs was the 433rd most exported product in Laos. The main destination of Iron Springs exports from Laos are: Thailand ($4.22k) and Ethiopia ($418).

The fastest growing export markets for Iron Springs of Laos between 2021 and 2022 were Thailand ($704) and Ethiopia ($418).

Imports In 2022, Laos imported $2.27M in Iron Springs, becoming the 107th largest importer of Iron Springs in the world. At the same year, Iron Springs was the 334th most imported product in Laos. Laos imports Iron Springs primarily from: Thailand ($1.06M), China ($850k), Vietnam ($297k), Australia ($32.4k), and Germany ($12.8k).

The fastest growing import markets in Iron Springs for Laos between 2021 and 2022 were China ($515k), Australia ($24.4k), and Turkey ($11.1k).

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 Iron Springs. 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)$4.64k
IMPORTS (2022)$2.27M
NET TRADE (2022)-$2.27M

In 2022, Laos exported $4.64k in Iron Springs. The main destinations of Laos exports on Iron Springs were Thailand ($4.22k) and Ethiopia ($418).

In 2022, Laos imported $2.27M in Iron Springs, mainly from Thailand ($1.06M), China ($850k), Vietnam ($297k), Australia ($32.4k), and Germany ($12.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Springs EXPORT MARKETS FOR Laos WERE (2021 - 2022):
Thailand$704 (20%)
Ethiopia$418 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Springs BY Laos WERE (2021 - 2022):
United States-$178k (-100%)
Philippines-$482 (-100%)
Canada-$407 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Iron Springs were:
In 2022, Laos's main importing competitors in Iron Springs were:

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Trade Value of Iron Springs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $6.98k
TOP IMPORT POTENTIALChina+ $625k

Iron Springs’s highest export potential is Thailand. With an export gap of $6.98k.   Iron Springs’s highest import potential is China with an import gap of $625k.

See methodology.

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