2022
Exports
$1.02BWorld Rnk 72 / 220
Flag Rnk 2 / 94
2022
PRODUCT COMPLEXITY IN Precious stones, metals, & pearls
0.58Rnk 328 / 1025
2022
Imports
$349MWorld Rnk 63 / 225
Flag Rnk 5 / 96
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $1.02B in Precious stones, metals, & pearls, making it the 72nd largest exporter of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 2nd most exported product in Laos. The main destination of Precious stones, metals, & pearls exports from Laos are: Thailand ($394M), Australia ($340M), Switzerland ($75.4M), Hong Kong ($61M), and India ($56.3M).

The fastest growing export markets for Precious stones, metals, & pearls of Laos between 2021 and 2022 were Singapore ($13.1M), Cambodia ($2.93M), and United States ($2.61M).

Imports In 2022, Laos imported $349M in Precious stones, metals, & pearls, becoming the 63rd largest importer of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 5th most imported product in Laos. Laos imports Precious stones, metals, & pearls primarily from: Thailand ($332M), Belgium ($10.5M), China ($3.02M), United States ($2.85M), and Australia ($271k).

The fastest growing import markets in Precious stones, metals, & pearls for Laos between 2021 and 2022 were China ($2.75M), Belgium ($1.74M), and Australia ($252k).

COMPANIES In 2023, leading companies such as Norwegian Cruise Line (9) were at the forefront of shipping Precious stones, metals, & pearls 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 Precious stones, metals, & pearls. 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)$1.02B
IMPORTS (2022)$349M
NET TRADE (2022)$670M

In 2022, Laos exported $1.02B in Precious stones, metals, & pearls. The main destinations of Laos exports on Precious stones, metals, & pearls were Thailand ($394M), Australia ($340M), Switzerland ($75.4M), Hong Kong ($61M), and India ($56.3M).

In 2022, Laos imported $349M in Precious stones, metals, & pearls, mainly from Thailand ($332M), Belgium ($10.5M), China ($3.02M), United States ($2.85M), and Australia ($271k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious stones, metals, & pearls EXPORT MARKETS FOR Laos WERE (2021 - 2022):
Singapore$13.1M (15.8k%)
Cambodia$2.93M (1%)
United States$2.61M (26.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious stones, metals, & pearls BY Laos WERE (2021 - 2022):
China-$339M (-91.3%)
Australia-$325M (-48.9%)
Switzerland-$158M (-67.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Precious stones, metals, & pearls were:
In 2022, Laos's main importing competitors in Precious stones, metals, & pearls were:

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Trade Value of Precious stones, metals, & pearls by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $99.2M
TOP IMPORT POTENTIALUnited States+ $3.37M

Precious stones, metals, & pearls’s highest export potential is China. With an export gap of $99.2M.   Precious stones, metals, & pearls’s highest import potential is United States with an import gap of $3.37M.

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