2023
Exports
$26MWorld Rnk 102 / 226
Flag Rnk 26 / 93
2023
PRODUCT COMPLEXITY IN Iron or steel articles
1.67Rnk 25 / 1025
2023
Imports
$302MWorld Rnk 99 / 226
Flag Rnk 6 / 96
2023
ECONOMIC COMPLEXITY of Laos
-0.89Rnk 107 / 132

About

Exports In 2023, Laos exported $26M in Iron or steel articles, making it the 102nd largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 26th most exported product in Laos. The main destination of Iron or steel articles exports from Laos are: Thailand ($25.7M), Iceland ($104k), Philippines ($95.2k), Malaysia ($29k), and Denmark ($15.7k).

The fastest growing export markets for Iron or steel articles of Laos between 2022 and 2023 were Thailand ($18.2M), Iceland ($104k), and Philippines ($26.4k).

Imports In 2023, Laos imported $302M in Iron or steel articles, becoming the 99th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 6th most imported product in Laos. Laos imports Iron or steel articles primarily from: China ($203M), Thailand ($94.4M), Netherlands ($1.47M), Austria ($1.42M), and Japan ($800k).

The fastest growing import markets in Iron or steel articles for Laos between 2022 and 2023 were China ($75.1M), Netherlands ($1.42M), and Austria ($834k).

COMPANIES In 2024, leading companies such as Continental Materials (5) were at the forefront of shipping Iron or steel articles from Laos to the United States.

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 Iron or steel articles. 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)$26M
IMPORTS (2023)$302M
NET TRADE (2023)-$276M

In 2023, Laos exported $26M in Iron or steel articles. The main destinations of Laos exports on Iron or steel articles were Thailand ($25.7M), Iceland ($104k), Philippines ($95.2k), Malaysia ($29k), and Denmark ($15.7k).

In 2023, Laos imported $302M in Iron or steel articles, mainly from China ($203M), Thailand ($94.4M), Netherlands ($1.47M), Austria ($1.42M), and Japan ($800k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Laos WERE (2022 - 2023):
Thailand$18.2M (244%)
Iceland$104k (163k%)
Philippines$26.4k (38.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Laos WERE (2022 - 2023):
Canada-$30.1k (-86.6%)
Vietnam-$13.4k (-100%)
Angola-$11.1k (-93.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Laos's main exporting competitors in Iron or steel articles were:
In 2023, Laos's main importing competitors in Iron or steel articles were:

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $1.88M
TOP IMPORT POTENTIALChina+ $63.3M

Iron or steel articles’s highest export potential is Thailand. With an export gap of $1.88M.   Iron or steel articles’s highest import potential is China with an import gap of $63.3M.

See methodology.

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