2022
Exports
$7.24MWorld Rnk 126 / 226
Flag Rnk 38 / 94
2022
PRODUCT COMPLEXITY IN Iron or steel articles
1.68Rnk 27 / 1025
2022
Imports
$278MWorld Rnk 100 / 225
Flag Rnk 7 / 96
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $7.24M in Iron or steel articles, making it the 126th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 38th most exported product in Laos. The main destination of Iron or steel articles exports from Laos are: Thailand ($7.06M), Philippines ($65.4k), Canada ($33.1k), Vietnam ($13.1k), and Angola ($11.7k).

The fastest growing export markets for Iron or steel articles of Laos between 2021 and 2022 were Philippines ($49.5k), Angola ($11.3k), and Kazakhstan ($9.55k).

Imports In 2022, Laos imported $278M in Iron or steel articles, becoming the 100th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 7th most imported product in Laos. Laos imports Iron or steel articles primarily from: China ($128M), Thailand ($101M), Vietnam ($44.5M), Australia ($958k), and South Korea ($761k).

The fastest growing import markets in Iron or steel articles for Laos between 2021 and 2022 were Thailand ($23.4M), Kenya ($494k), and Austria ($341k).

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 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 (2022)$7.24M
IMPORTS (2022)$278M
NET TRADE (2022)-$271M

In 2022, Laos exported $7.24M in Iron or steel articles. The main destinations of Laos exports on Iron or steel articles were Thailand ($7.06M), Philippines ($65.4k), Canada ($33.1k), Vietnam ($13.1k), and Angola ($11.7k).

In 2022, Laos imported $278M in Iron or steel articles, mainly from China ($128M), Thailand ($101M), Vietnam ($44.5M), Australia ($958k), and South Korea ($761k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Laos WERE (2021 - 2022):
Philippines$49.5k (311%)
Angola$11.3k (2.67k%)
Kazakhstan$9.55k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Laos WERE (2021 - 2022):
Thailand-$4.32M (-38%)
China-$351k (-99.4%)
United States-$188k (-98.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Iron or steel articles were:
China $109B
Germany $33.5B
Italy $22.2B
In 2022, 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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