2023
Exports
$1.49MWorld Rnk 170 / 219
Flag Rnk 48 / 93
2023
PRODUCT COMPLEXITY IN Iron & steel
1.66Rnk 26 / 1025
2023
Imports
$277MWorld Rnk 109 / 224
Flag Rnk 7 / 96
2023
ECONOMIC COMPLEXITY of Laos
-0.89Rnk 107 / 132

About

Exports In 2023, Laos exported $1.49M in Iron & steel, making it the 170th largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 48th most exported product in Laos. The main destination of Iron & steel exports from Laos are: Cambodia ($1.06M), Thailand ($396k), Japan ($13.6k), Poland ($13k), and Slovakia ($2.35k).

The fastest growing export markets for Iron & steel of Laos between 2022 and 2023 were Thailand ($315k), Slovakia ($2.35k), and Canada ($802).

Imports In 2023, Laos imported $277M in Iron & steel, becoming the 109th largest importer of Iron & steel in the world. At the same year, Iron & steel was the 7th most imported product in Laos. Laos imports Iron & steel primarily from: China ($230M), Thailand ($46.8M), Japan ($426k), Canada ($296k), and Australia ($121k).

The fastest growing import markets in Iron & steel for Laos between 2022 and 2023 were China ($130M), Thailand ($2.64M), and Japan ($343k).

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 & steel. 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)$1.49M
IMPORTS (2023)$277M
NET TRADE (2023)-$276M

In 2023, Laos exported $1.49M in Iron & steel. The main destinations of Laos exports on Iron & steel were Cambodia ($1.06M), Thailand ($396k), Japan ($13.6k), Poland ($13k), and Slovakia ($2.35k).

In 2023, Laos imported $277M in Iron & steel, mainly from China ($230M), Thailand ($46.8M), Japan ($426k), Canada ($296k), and Australia ($121k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron & steel EXPORT MARKETS FOR Laos WERE (2022 - 2023):
Thailand$315k (387%)
Slovakia$2.35k (1%)
Canada$802 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron & steel BY Laos WERE (2022 - 2023):
Cambodia-$10.8M (-91%)
Poland-$40.4k (-75.7%)
Japan-$8.72k (-39.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Laos's main exporting competitors in Iron & steel were:
China $66.2B
Germany $32.6B
Japan $31.6B
In 2023, Laos's main importing competitors in Iron & steel were:

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Trade Value of Iron & steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $117k
TOP IMPORT POTENTIALChina+ $38.7M

Iron & steel’s highest export potential is Thailand. With an export gap of $117k.   Iron & steel’s highest import potential is China with an import gap of $38.7M.

See methodology.

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