2023
Exports
$840MWorld Rnk 7 / 128
Flag Rnk 2 / 630
2023
PRODUCT COMPLEXITY IN Potassic Fertilizers
-1.12Rnk 857 / 1025
2023
Imports
$4.57MWorld Rnk 96 / 191
Flag Rnk 235 / 1073
2023
ECONOMIC COMPLEXITY of Laos
-0.89Rnk 107 / 132

About

Exports In 2023, Laos exported $840M in Potassic Fertilizers, making it the 7th largest exporter of Potassic Fertilizers in the world. At the same year, Potassic Fertilizers was the 2nd most exported product in Laos. The main destination of Potassic Fertilizers exports from Laos are: China ($630M), Indonesia ($80.6M), Thailand ($73.2M), Philippines ($18.1M), and Malaysia ($12.6M).

The fastest growing export markets for Potassic Fertilizers of Laos between 2022 and 2023 were China ($349M), Thailand ($24.4M), and Philippines ($10.7M).

Imports In 2023, Laos imported $4.57M in Potassic Fertilizers, becoming the 96th largest importer of Potassic Fertilizers in the world. At the same year, Potassic Fertilizers was the 235th most imported product in Laos. Laos imports Potassic Fertilizers primarily from: Thailand ($4.32M), China ($258k), Australia ($135), and Belgium ($2).

The fastest growing import markets in Potassic Fertilizers for Laos between 2022 and 2023 were Thailand ($772k), China ($117k), and Australia ($135).

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 Potassic Fertilizers. 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)$840M
IMPORTS (2023)$4.57M
NET TRADE (2023)$835M

In 2023, Laos exported $840M in Potassic Fertilizers. The main destinations of Laos exports on Potassic Fertilizers were China ($630M), Indonesia ($80.6M), Thailand ($73.2M), Philippines ($18.1M), and Malaysia ($12.6M).

In 2023, Laos imported $4.57M in Potassic Fertilizers, mainly from Thailand ($4.32M), China ($258k), Australia ($135), and Belgium ($2).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Potassic Fertilizers EXPORT MARKETS FOR Laos WERE (2022 - 2023):
China$349M (124%)
Thailand$24.4M (50%)
Philippines$10.7M (145%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Potassic Fertilizers BY Laos WERE (2022 - 2023):
Vietnam-$92.1M (-100%)
Indonesia-$82.1M (-50.5%)
South Korea-$28.2M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Laos's main exporting competitors in Potassic Fertilizers were:
Canada $9.44B
Belarus $2.01B
In 2023, Laos's main importing competitors in Potassic Fertilizers were:

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Trade Value of Potassic Fertilizers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $76.2M
TOP IMPORT POTENTIALChina+ $215k

Potassic Fertilizers’s highest export potential is China. With an export gap of $76.2M.   Potassic Fertilizers’s highest import potential is China with an import gap of $215k.

See methodology.

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