2022
Exports
$70.4MWorld Rnk 31 / 145
Flag Rnk 23 / 648
2022
PRODUCT COMPLEXITY IN Synthetic Rubber
0.49Rnk 369 / 1025
2022
Imports
$1.05MWorld Rnk 107 / 209
Flag Rnk 457 / 1071
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $70.4M in Synthetic Rubber, making it the 31st largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 23rd most exported product in Laos. The main destination of Synthetic Rubber exports from Laos are: China ($50.7M) and Vietnam ($19.6M).

The fastest growing export markets for Synthetic Rubber of Laos between 2021 and 2022 were China ($30.6M) and Vietnam ($9.58M).

Imports In 2022, Laos imported $1.05M in Synthetic Rubber, becoming the 107th largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 457th most imported product in Laos. Laos imports Synthetic Rubber primarily from: Vietnam ($766k), China ($142k), Thailand ($68.6k), United States ($43k), and Japan ($26.5k).

The fastest growing import markets in Synthetic Rubber for Laos between 2021 and 2022 were Vietnam ($346k), United States ($43k), and Thailand ($41.6k).

Latest Trends

Sep 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 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

Trade Balance

Color
EXPORTS (2022)$70.4M
IMPORTS (2022)$1.05M
NET TRADE (2022)$69.3M

In 2022, Laos exported $70.4M in Synthetic Rubber. The main destinations of Laos exports on Synthetic Rubber were China ($50.7M) and Vietnam ($19.6M).

In 2022, Laos imported $1.05M in Synthetic Rubber, mainly from Vietnam ($766k), China ($142k), Thailand ($68.6k), United States ($43k), and Japan ($26.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Synthetic Rubber EXPORT MARKETS FOR Laos WERE (2021 - 2022):
China$30.6M (152%)
Vietnam$9.58M (95.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Synthetic Rubber by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $35.5M
TOP IMPORT POTENTIALVietnam+ $626k

Synthetic Rubber’s highest export potential is China. With an export gap of $35.5M.   Synthetic Rubber’s highest import potential is Vietnam with an import gap of $626k.

See methodology.

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