2021
Exports
$16.2kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Drilling Machines
1.13Rnk 123 / 1025
2021
Imports
$146kWorld Rnk 156 / 210
Flag Rnk 740 / 1071
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Imports In 2022, Laos imported $146k in Drilling Machines, becoming the 156th largest importer of Drilling Machines in the world. At the same year, Drilling Machines was the 740th most imported product in Laos. Laos imports Drilling Machines primarily from: China ($73.4k), Australia ($28.4k), South Korea ($24.3k), Thailand ($17.7k), and Vietnam ($1.85k).

The fastest growing import markets in Drilling Machines for Laos between 2021 and 2022 were Australia ($26.8k) and South Korea ($24.3k).

Latest Trends

Oct 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 Drilling Machines. 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)$16.2k
IMPORTS (2022)$146k
NET TRADE (2022)-$146k

In 2022, Laos imported $146k in Drilling Machines, mainly from China ($73.4k), Australia ($28.4k), South Korea ($24.3k), Thailand ($17.7k), and Vietnam ($1.85k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drilling Machines BY Laos WERE (N/A - 2021):
Thailand-$9.53k (-100%)
China-$6.3k (-100%)
Philippines-$342 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Drilling Machines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $555
TOP IMPORT POTENTIALChina+ $80.9k

Drilling Machines’s highest export potential is China. With an export gap of $555.   Drilling Machines’s highest import potential is China with an import gap of $80.9k.

See methodology.

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