2021
Exports | Imports
$68.2k | $734MWorld Rnk 181 / 218
Flag Rnk 368 / 742
World Rnk 104 / 226
Flag Rnk 1 / 1118
2021
ECONOMIC COMPLEXITY of Laos
-0.7Rnk 95 / 131
2021
PRODUCT COMPLEXITY IN Refined Petroleum
-0.99Rnk 831 / 1024

About

Exports In 2021, Laos exported $68.2k in Refined Petroleum, making it the 181st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 368th most exported product in Laos. The main destination of Refined Petroleum exports from Laos are: China ($56.2k), South Korea ($6.61k), United Kingdom ($3.77k), Canada ($1.48k), and Thailand ($102).

The fastest growing export markets for Refined Petroleum of Laos between 2020 and 2021 were China ($56.2k), United Kingdom ($3.77k), and Canada ($1.48k).

Imports In 2021, Laos imported $734M in Refined Petroleum, becoming the 104th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Laos. Laos imports Refined Petroleum primarily from: Thailand ($631M), Belgium ($74.8M), Vietnam ($23.8M), Singapore ($1.78M), and South Korea ($1.37M).

The fastest growing import markets in Refined Petroleum for Laos between 2020 and 2021 were Thailand ($130M), Belgium ($74.8M), and Vietnam ($3.89M).

Latest Trends

Dec 2023

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 Refined Petroleum. 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 (2021)$68.2k
IMPORTS (2021)$734M
NET TRADE (2021)-$734M

In 2021, Laos exported $68.2k in Refined Petroleum. The main destinations of Laos exports on Refined Petroleum were China ($56.2k), South Korea ($6.61k), United Kingdom ($3.77k), Canada ($1.48k), and Thailand ($102).

In 2021, Laos imported $734M in Refined Petroleum, mainly from Thailand ($631M), Belgium ($74.8M), Vietnam ($23.8M), Singapore ($1.78M), and South Korea ($1.37M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Laos WERE (2020 - 2021):
China$56.2k (1%)
United Kingdom$3.77k (1%)
Canada$1.48k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Laos WERE (2020 - 2021):
South Korea-$57.5k (-89.7%)
Iceland-$13.4k (-100%)
Burma-$3.56k (-100%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Laos's main exporting competitors in Refined Petroleum were:
In 2021, Laos's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

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