2022
Exports
$3.26MWorld Rnk 105 / 226
Flag Rnk 104 / 648
2022
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1Rnk 170 / 1025
2022
Imports
$43.7MWorld Rnk 131 / 225
Flag Rnk 36 / 1071
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $3.26M in Motor vehicles; parts and accessories (8701 to 8705), making it the 105th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 104th most exported product in Laos. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Laos are: Thailand ($3.24M), Singapore ($5.2k), South Korea ($1.67k), Sao Tome and Principe ($1.11k), and France ($1.03k).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Laos between 2021 and 2022 were Thailand ($16.3k), Singapore ($5.2k), and South Korea ($1.67k).

Imports In 2022, Laos imported $43.7M in Motor vehicles; parts and accessories (8701 to 8705), becoming the 131st largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 36th most imported product in Laos. Laos imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: Thailand ($28.3M), China ($9.86M), South Korea ($3.75M), Turkey ($429k), and United Kingdom ($324k).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Laos between 2021 and 2022 were China ($6.92M), Thailand ($2.76M), and South Korea ($397k).

COMPANIES In 2023, leading companies such as Stihl (10) and General Motors (1) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) 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 Motor vehicles; parts and accessories (8701 to 8705). 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)$3.26M
IMPORTS (2022)$43.7M
NET TRADE (2022)-$40.5M

In 2022, Laos exported $3.26M in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Laos exports on Motor vehicles; parts and accessories (8701 to 8705) were Thailand ($3.24M), Singapore ($5.2k), South Korea ($1.67k), Sao Tome and Principe ($1.11k), and France ($1.03k).

In 2022, Laos imported $43.7M in Motor vehicles; parts and accessories (8701 to 8705), mainly from Thailand ($28.3M), China ($9.86M), South Korea ($3.75M), Turkey ($429k), and United Kingdom ($324k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Laos WERE (2021 - 2022):
Thailand$16.3k (0.5%)
Singapore$5.2k (1%)
South Korea$1.67k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Laos WERE (2021 - 2022):
Australia-$8.25k (-100%)
Honduras-$8.11k (-100%)
United Kingdom-$6.54k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2022, Laos's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $2.9M
TOP IMPORT POTENTIALChina+ $14.6M

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is Thailand. With an export gap of $2.9M.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is China with an import gap of $14.6M.

See methodology.

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