2022
Exports
$528kWorld Rnk 113 / 192
Flag Rnk 189 / 648
2022
PRODUCT COMPLEXITY IN Packing Bags
-1.76Rnk 978 / 1025
2022
Imports
$19.1MWorld Rnk 59 / 223
Flag Rnk 87 / 1071
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $528k in Packing Bags, making it the 113th largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 189th most exported product in Laos. The main destination of Packing Bags exports from Laos are: Thailand ($326k) and United States ($201k).

The fastest growing export markets for Packing Bags of Laos between 2021 and 2022 were Thailand ($288k).

Imports In 2022, Laos imported $19.1M in Packing Bags, becoming the 59th largest importer of Packing Bags in the world. At the same year, Packing Bags was the 87th most imported product in Laos. Laos imports Packing Bags primarily from: China ($7.78M), Vietnam ($5.5M), Thailand ($5.02M), Spain ($435k), and Japan ($285k).

The fastest growing import markets in Packing Bags for Laos between 2021 and 2022 were China ($4.51M), Vietnam ($1.06M), and Spain ($293k).

COMPANIES In 2023, leading companies such as Goya Foods (7) and Riviana Foods (1) were at the forefront of shipping Packing Bags from Laos to the United States.

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 Packing Bags. 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)$528k
IMPORTS (2022)$19.1M
NET TRADE (2022)-$18.6M

In 2022, Laos exported $528k in Packing Bags. The main destinations of Laos exports on Packing Bags were Thailand ($326k) and United States ($201k).

In 2022, Laos imported $19.1M in Packing Bags, mainly from China ($7.78M), Vietnam ($5.5M), Thailand ($5.02M), Spain ($435k), and Japan ($285k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Laos WERE (2021 - 2022):Thailand$288k (758%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Laos WERE (2021 - 2022):
United States-$241k (-54.4%)
France-$142k (-100%)
Japan-$11.3k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Packing Bags were:
China $1.74B
India $1.39B
In 2022, Laos's main importing competitors in Packing Bags were:

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $187k
TOP IMPORT POTENTIALChina+ $2.3M

Packing Bags’s highest export potential is United States. With an export gap of $187k.   Packing Bags’s highest import potential is China with an import gap of $2.3M.

See methodology.

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