2022
Exports
$68.8kWorld Rnk 126 / 201
Flag Rnk 258 / 648
2022
PRODUCT COMPLEXITY IN Electric Soldering Equipment
1.96Rnk 7 / 1025
2022
Imports
$2.48MWorld Rnk 123 / 220
Flag Rnk 319 / 1071
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $68.8k in Electric Soldering Equipment, making it the 126th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 258th most exported product in Laos. The main destination of Electric Soldering Equipment exports from Laos are: Thailand ($43.3k), United States ($14.2k), Bosnia and Herzegovina ($3.8k), Turkey ($3k), and Slovakia ($1.25k).

The fastest growing export markets for Electric Soldering Equipment of Laos between 2021 and 2022 were Thailand ($32.4k), United States ($14.2k), and Turkey ($2.65k).

Imports In 2022, Laos imported $2.48M in Electric Soldering Equipment, becoming the 123rd largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 319th most imported product in Laos. Laos imports Electric Soldering Equipment primarily from: Thailand ($1.33M), China ($1.07M), Australia ($37.7k), Vietnam ($28.8k), and Malaysia ($8.72k).

The fastest growing import markets in Electric Soldering Equipment for Laos between 2021 and 2022 were Thailand ($754k) and China ($100k).

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 Electric Soldering Equipment. 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)$68.8k
IMPORTS (2022)$2.48M
NET TRADE (2022)-$2.41M

In 2022, Laos exported $68.8k in Electric Soldering Equipment. The main destinations of Laos exports on Electric Soldering Equipment were Thailand ($43.3k), United States ($14.2k), Bosnia and Herzegovina ($3.8k), Turkey ($3k), and Slovakia ($1.25k).

In 2022, Laos imported $2.48M in Electric Soldering Equipment, mainly from Thailand ($1.33M), China ($1.07M), Australia ($37.7k), Vietnam ($28.8k), and Malaysia ($8.72k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Laos WERE (2021 - 2022):
Thailand$32.4k (297%)
United States$14.2k (1%)
Turkey$2.65k (756%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Laos WERE (2021 - 2022):
Italy-$70.4k (-100%)
Austria-$19.9k (-100%)
Japan-$12.7k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Electric Soldering Equipment were:
In 2022, Laos's main importing competitors in Electric Soldering Equipment were:

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Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $48.4k
TOP IMPORT POTENTIALChina+ $952k

Electric Soldering Equipment’s highest export potential is Thailand. With an export gap of $48.4k.   Electric Soldering Equipment’s highest import potential is China with an import gap of $952k.

See methodology.

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