2022
Exports
$11.3MWorld Rnk 143 / 223
Flag Rnk 32 / 94
2022
PRODUCT COMPLEXITY IN Iron & steel
1.68Rnk 28 / 1025
2022
Imports
$203MWorld Rnk 122 / 225
Flag Rnk 9 / 96
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $11.3M in Iron & steel, making it the 143rd largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 32nd most exported product in Laos. The main destination of Iron & steel exports from Laos are: Cambodia ($11.1M), Thailand ($72.8k), Poland ($47.2k), Japan ($20.3k), and Vietnam ($3.02k).

The fastest growing export markets for Iron & steel of Laos between 2021 and 2022 were Cambodia ($353k), Poland ($47.2k), and Japan ($13.1k).

Imports In 2022, Laos imported $203M in Iron & steel, becoming the 122nd largest importer of Iron & steel in the world. At the same year, Iron & steel was the 9th most imported product in Laos. Laos imports Iron & steel primarily from: China ($99.3M), Vietnam ($60.2M), Thailand ($42.7M), Canada ($820k), and Hungary ($256k).

The fastest growing import markets in Iron & steel for Laos between 2021 and 2022 were China ($26.9M), Canada ($681k), and Hungary ($256k).

COMPANIES In 2023, leading companies such as Molson Coors (5) were at the forefront of shipping Iron & steel from Laos to the United States.

Latest Trends

Oct 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 & steel. 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)$11.3M
IMPORTS (2022)$203M
NET TRADE (2022)-$192M

In 2022, Laos exported $11.3M in Iron & steel. The main destinations of Laos exports on Iron & steel were Cambodia ($11.1M), Thailand ($72.8k), Poland ($47.2k), Japan ($20.3k), and Vietnam ($3.02k).

In 2022, Laos imported $203M in Iron & steel, mainly from China ($99.3M), Vietnam ($60.2M), Thailand ($42.7M), Canada ($820k), and Hungary ($256k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron & steel EXPORT MARKETS FOR Laos WERE (2021 - 2022):
Cambodia$353k (3.27%)
Poland$47.2k (1%)
Japan$13.1k (183%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron & steel BY Laos WERE (2021 - 2022):
Burma-$1.36M (-100%)
Vietnam-$1.17M (-99.7%)
India-$120k (-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 & steel were:
China $69.8B
Germany $36.9B
Japan $35.7B
In 2022, Laos's main importing competitors in Iron & steel were:

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Trade Value of Iron & steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $117k
TOP IMPORT POTENTIALChina+ $38.7M

Iron & steel’s highest export potential is Thailand. With an export gap of $117k.   Iron & steel’s highest import potential is China with an import gap of $38.7M.

See methodology.

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