2022
Exports
$29.1MWorld Rnk 64 / 226
Flag Rnk 42 / 648
2022
PRODUCT COMPLEXITY IN Knit T-shirts
-1.34Rnk 921 / 1025
2022
Imports
$4.53MWorld Rnk 147 / 223
Flag Rnk 234 / 1071
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $29.1M in Knit T-shirts, making it the 64th largest exporter of Knit T-shirts in the world. At the same year, Knit T-shirts was the 42nd most exported product in Laos. The main destination of Knit T-shirts exports from Laos are: Germany ($14.6M), Switzerland ($2.72M), United States ($2.55M), Italy ($1.36M), and China ($1.35M).

The fastest growing export markets for Knit T-shirts of Laos between 2021 and 2022 were Germany ($6.29M), China ($1.17M), and United Kingdom ($1.07M).

Imports In 2022, Laos imported $4.53M in Knit T-shirts, becoming the 147th largest importer of Knit T-shirts in the world. At the same year, Knit T-shirts was the 234th most imported product in Laos. Laos imports Knit T-shirts primarily from: China ($3.69M), Thailand ($645k), Vietnam ($92.1k), Spain ($68.9k), and South Korea ($10k).

The fastest growing import markets in Knit T-shirts for Laos between 2021 and 2022 were China ($3.54M), Thailand ($349k), and Spain ($15.8k).

COMPANIES In 2023, leading companies such as Giorgio Armani (10), Guess Clothing (5), and Costco Wholesale (1) were at the forefront of shipping Knit T-shirts from Laos to the United States.

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 Knit T-shirts. 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)$29.1M
IMPORTS (2022)$4.53M
NET TRADE (2022)$24.6M

In 2022, Laos exported $29.1M in Knit T-shirts. The main destinations of Laos exports on Knit T-shirts were Germany ($14.6M), Switzerland ($2.72M), United States ($2.55M), Italy ($1.36M), and China ($1.35M).

In 2022, Laos imported $4.53M in Knit T-shirts, mainly from China ($3.69M), Thailand ($645k), Vietnam ($92.1k), Spain ($68.9k), and South Korea ($10k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit T-shirts EXPORT MARKETS FOR Laos WERE (2021 - 2022):
Germany$6.29M (75.6%)
China$1.17M (642%)
United Kingdom$1.07M (381%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit T-shirts BY Laos WERE (2021 - 2022):
Italy-$1.66M (-54.9%)
Austria-$632k (-99.7%)
South Korea-$523k (-85.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Knit T-shirts were:
In 2022, Laos's main importing competitors in Knit T-shirts were:

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Trade Value of Knit T-shirts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $5.8M
TOP IMPORT POTENTIALChina+ $2.56M

Knit T-shirts’s highest export potential is Germany. With an export gap of $5.8M.   Knit T-shirts’s highest import potential is China with an import gap of $2.56M.

See methodology.

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