2023
Exports
$140kWorld Rnk 173 / 225
Flag Rnk 68 / 93
2023
PRODUCT COMPLEXITY IN Pharmaceutical products
1.25Rnk 89 / 1025
2023
Imports
$57.5MWorld Rnk 156 / 226
Flag Rnk 28 / 96
2023
ECONOMIC COMPLEXITY of Laos
-0.89Rnk 107 / 132

About

Exports In 2023, Laos exported $140k in Pharmaceutical products, making it the 173rd largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 68th most exported product in Laos. The main destination of Pharmaceutical products exports from Laos are: China ($85.2k), India ($27.3k), United Arab Emirates ($7.06k), Japan ($6.55k), and Hong Kong ($4.45k).

The fastest growing export markets for Pharmaceutical products of Laos between 2022 and 2023 were India ($25k), United Arab Emirates ($7.06k), and Japan ($6.55k).

Imports In 2023, Laos imported $57.5M in Pharmaceutical products, becoming the 156th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 28th most imported product in Laos. Laos imports Pharmaceutical products primarily from: Thailand ($29.5M), China ($8.58M), India ($6.12M), United States ($4.24M), and Japan ($2.78M).

The fastest growing import markets in Pharmaceutical products for Laos between 2022 and 2023 were Japan ($1.92M), Thailand ($1.76M), and India ($534k).

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 Pharmaceutical products. 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)$140k
IMPORTS (2023)$57.5M
NET TRADE (2023)-$57.3M

In 2023, Laos exported $140k in Pharmaceutical products. The main destinations of Laos exports on Pharmaceutical products were China ($85.2k), India ($27.3k), United Arab Emirates ($7.06k), Japan ($6.55k), and Hong Kong ($4.45k).

In 2023, Laos imported $57.5M in Pharmaceutical products, mainly from Thailand ($29.5M), China ($8.58M), India ($6.12M), United States ($4.24M), and Japan ($2.78M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Laos WERE (2022 - 2023):
India$25k (1.11k%)
Japan$6.55k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Laos WERE (2022 - 2023):
China-$282k (-76.8%)
Uganda-$5.51k (-100%)
Ireland-$3.63k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Laos's main exporting competitors in Pharmaceutical products were:
In 2023, Laos's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $896k
TOP IMPORT POTENTIALChina+ $12.3M

Pharmaceutical products’s highest export potential is China. With an export gap of $896k.   Pharmaceutical products’s highest import potential is China with an import gap of $12.3M.

See methodology.

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