2023
Exports
$131World Rnk 216 / 218
Flag Rnk 571 / 630
2023
PRODUCT COMPLEXITY IN Ball Bearings
1.17Rnk 116 / 1025
2023
Imports
$9.25MWorld Rnk 101 / 221
Flag Rnk 149 / 1073
2023
ECONOMIC COMPLEXITY of Laos
-0.89Rnk 107 / 132

About

Exports In 2023, Laos exported $131 in Ball Bearings, making it the 216th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 571st most exported product in Laos. The main destination of Ball Bearings exports from Laos are: Philippines ($71), Canada ($48), and Thailand ($12).

The fastest growing export markets for Ball Bearings of Laos between 2022 and 2023 were Philippines ($71).

Imports In 2023, Laos imported $9.25M in Ball Bearings, becoming the 101st largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 149th most imported product in Laos. Laos imports Ball Bearings primarily from: Thailand ($5.73M), China ($3.27M), Germany ($117k), Australia ($44k), and Japan ($37.7k).

The fastest growing import markets in Ball Bearings for Laos between 2022 and 2023 were China ($873k), Germany ($27.7k), and Indonesia ($12.5k).

Latest Trends

Dec 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 Ball Bearings. 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 (2023)$131
IMPORTS (2023)$9.25M
NET TRADE (2023)-$9.25M

In 2023, Laos exported $131 in Ball Bearings. The main destinations of Laos exports on Ball Bearings were Philippines ($71), Canada ($48), and Thailand ($12).

In 2023, Laos imported $9.25M in Ball Bearings, mainly from Thailand ($5.73M), China ($3.27M), Germany ($117k), Australia ($44k), and Japan ($37.7k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Laos WERE (2022 - 2023):Philippines$71 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Laos WERE (2022 - 2023):
Thailand-$11.1k (-99.9%)
Canada-$5.78k (-99.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Laos's main exporting competitors in Ball Bearings were:
China $6.46B
Germany $5.01B
Japan $4.28B
In 2023, Laos's main importing competitors in Ball Bearings were:

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Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $23k
TOP IMPORT POTENTIALChina+ $2.7M

Ball Bearings’s highest export potential is Thailand. With an export gap of $23k.   Ball Bearings’s highest import potential is China with an import gap of $2.7M.

See methodology.

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