HS Icon Synthetic Rubber in  Flag Laos

2020
Exports | Imports
: $12.8M | $523k, World Rnk 39 / 125
Flag Rnk 44 / 600 | World Rnk 112 / 204
Flag Rnk 542 / 1059

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $8.42M | $23.2k, China |  Vietnam

2020
ECONOMIC COMPLEXITY of Laos
: -1.06, Rnk 104 / 127

2020
PRODUCT COMPLEXITY  IN Synthetic Rubber
: 0.76, Rnk 249 / 1029

Exports In 2020, Laos exported $12.8M in Synthetic Rubber, making it the 39th largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 44th most exported product in Laos. The main destination of Synthetic Rubber exports from Laos are: China ($8.76M), Vietnam ($3.94M), and Thailand ($47.3k).

The fastest growing export markets for Synthetic Rubber of Laos between 2019 and 2020 were China ($8.42M), Vietnam ($3.94M), and Thailand ($15.7k).

Imports In 2020, Laos imported $523k in Synthetic Rubber, becoming the 112th largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 542nd most imported product in Laos. Laos imports Synthetic Rubber primarily from: Vietnam ($384k), China ($98.1k), Thailand ($33.2k), and Japan ($7.9k).

The fastest growing import markets in Synthetic Rubber for Laos between 2019 and 2020 were Vietnam ($23.2k).

Tariffs In 2018, the average tariff for Laos in Synthetic Rubber was 4.77%. The countries with the highest import tariffs for Synthetic Rubber were Angola (Most Favoured Nation duty rate treatement, 5%), Burundi (Most Favoured Nation duty rate treatement, 5%), Benin (Most Favoured Nation duty rate treatement, 5%), Burkina Faso (Most Favoured Nation duty rate treatement, 5%), and Botswana (Most Favoured Nation duty rate treatement, 5%).

Subnational Monthly Trade

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Y-AXIS SCALE

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The following visualization shows the latest trends on Synthetic Rubber. 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

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EXPORTS (2020): $12.8M

IMPORTS (2020): $523k

NET TRADE (2020): $12.2M

In 2020, Laos exported $12.8M in Synthetic Rubber. The main destinations of Laos exports on Synthetic Rubber were China ($8.76M), Vietnam ($3.94M), and Thailand ($47.3k).

In 2020, Laos imported $523k in Synthetic Rubber, mainly from Vietnam ($384k), China ($98.1k), Thailand ($33.2k), and Japan ($7.9k).

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THE FASTEST GROWING Synthetic Rubber EXPORT MARKETS FOR Laos WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Rubber BY Laos WERE (2019 - 2020):: Malaysia, -$39.4k (-100%)

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Market Concentration

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In 2020, Laos's main exporting competitors in Synthetic Rubber were:

In 2020, Laos's main importing competitors in Synthetic Rubber were:

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