2022
Exports
$2.07MWorld Rnk 78 / 194
Flag Rnk 123 / 648
2022
PRODUCT COMPLEXITY IN Spices
-1.63Rnk 964 / 1025
2022
Imports
$544kWorld Rnk 153 / 223
Flag Rnk 566 / 1071
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $2.07M in Spices, making it the 78th largest exporter of Spices in the world. At the same year, Spices was the 123rd most exported product in Laos. The main destination of Spices exports from Laos are: Japan ($1.92M), Vietnam ($83k), Chinese Taipei ($35.9k), France ($22.8k), and Thailand ($6.92k).

The fastest growing export markets for Spices of Laos between 2021 and 2022 were Vietnam ($70.2k), Chinese Taipei ($26.9k), and Netherlands ($624).

Imports In 2022, Laos imported $544k in Spices, becoming the 153rd largest importer of Spices in the world. At the same year, Spices was the 566th most imported product in Laos. Laos imports Spices primarily from: Vietnam ($282k), Thailand ($164k), Turkey ($97.2k), Spain ($313), and France ($255).

The fastest growing import markets in Spices for Laos between 2021 and 2022 were Vietnam ($215k), Turkey ($97.2k), and Spain ($313).

COMPANIES In 2023, leading companies such as DAVID OPPENHEIMER CO. (22) were at the forefront of shipping Spices from Laos to the United States.

Latest Trends

Jul 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 Spices. 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)$2.07M
IMPORTS (2022)$544k
NET TRADE (2022)$1.52M

In 2022, Laos exported $2.07M in Spices. The main destinations of Laos exports on Spices were Japan ($1.92M), Vietnam ($83k), Chinese Taipei ($35.9k), France ($22.8k), and Thailand ($6.92k).

In 2022, Laos imported $544k in Spices, mainly from Vietnam ($282k), Thailand ($164k), Turkey ($97.2k), Spain ($313), and France ($255).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Laos WERE (2021 - 2022):
Vietnam$70.2k (548%)
Chinese Taipei$26.9k (301%)
Netherlands$624 (374%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Laos WERE (2021 - 2022):
Japan-$1.67M (-46.5%)
China-$996k (-100%)
Sweden-$94.7k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Spices were:
In 2022, Laos's main importing competitors in Spices were:

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $98.1k
TOP IMPORT POTENTIALThailand+ $87.5k

Spices’s highest export potential is Vietnam. With an export gap of $98.1k.   Spices’s highest import potential is Thailand with an import gap of $87.5k.

See methodology.

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