2018
Exports
$3.35MWorld Rnk 101 / 226
Flag Rnk 99 / 630
2023
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1.12Rnk 138 / 1025
2018
Imports
$45.8MWorld Rnk 129 / 226
Flag Rnk 40 / 1073
2023
ECONOMIC COMPLEXITY of Laos
-0.89Rnk 107 / 132

About

Exports In 2018, Laos exported $3.35M in Motor vehicles; parts and accessories (8701 to 8705), making it the 101st 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 99th most exported product in Laos. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Laos are: Thailand ($3.34M), Canada ($3.63k), Sao Tome and Principe ($2.08k), France ($1.57k), and Finland ($1.36k).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Laos between 2022 and 2023 were Thailand ($115k), Canada ($3.5k), and Finland ($1.14k).

Imports In 2023, Laos imported $45.8M in Motor vehicles; parts and accessories (8701 to 8705), becoming the 129th 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 40th most imported product in Laos. Laos imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: Thailand ($31.4M), China ($13.1M), Malaysia ($309k), United Kingdom ($237k), and Singapore ($211k).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Laos between 2022 and 2023 were China ($3.24M), Thailand ($2.65M), and Malaysia ($180k).

COMPANIES In 2024, leading companies such as Volvo (17) and General Motors (2) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) from Laos to the United States.

Latest Trends

Dec 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 (2023)$3.35M
IMPORTS (2023)$45.8M
NET TRADE (2023)-$42.5M

In 2023, Laos exported $3.35M 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 ($3.34M), Canada ($3.63k), Sao Tome and Principe ($2.08k), France ($1.57k), and Finland ($1.36k).

In 2023, Laos imported $45.8M in Motor vehicles; parts and accessories (8701 to 8705), mainly from Thailand ($31.4M), China ($13.1M), Malaysia ($309k), United Kingdom ($237k), and Singapore ($211k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Laos WERE (2022 - 2023):
Thailand$115k (3.56%)
Canada$3.5k (2.85k%)
Finland$1.14k (516%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Laos WERE (2022 - 2023):
Singapore-$4.36k (-83.8%)
South Korea-$1.67k (-100%)
Iceland-$634 (-78.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Laos's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
Germany $69.4B
China $49.1B
Mexico $41.1B
In 2023, 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.

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