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2022
Exports $12World Rnk 193 / 195
Flag Rnk 629 / 648
falsefalse Canada
2021 - 2022
FASTEST GROWING MARKETfalsefalse
2022
PRODUCT COMPLEXITY IN Lubricating Products1.61Rnk 36 / 1025
2022
Imports $1.09MWorld Rnk 150 / 224
Flag Rnk 452 / 1071
2021 - 2022
FASTEST GROWING ORIGINfalseUnited States
2022
ECONOMIC COMPLEXITY of Laos-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $12 in Lubricating Products, making it the 193rd largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 629th most exported product in Laos. The main destination of Lubricating Products exports from Laos are: Canada ($12).

Imports In 2022, Laos imported $1.09M in Lubricating Products, becoming the 150th largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 452nd most imported product in Laos. Laos imports Lubricating Products primarily from: Thailand ($867k), Singapore ($54.4k), Japan ($52.3k), United States ($49k), and China ($34.3k).

The fastest growing import markets in Lubricating Products for Laos between 2021 and 2022 were United States ($37.9k), Germany ($4.89k), and Luxembourg ($4.69k).

COMPANIES In 2023, leading companies such as Victaulic (1) were at the forefront of shipping Lubricating Products from Laos to the United States.

Latest Trends

Jul 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 Lubricating Products. 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)$12
IMPORTS (2022)$1.09M
NET TRADE (2022)-$1.09M

In 2022, Laos exported $12 in Lubricating Products. The main destinations of Laos exports on Lubricating Products were Canada ($12).

In 2022, Laos imported $1.09M in Lubricating Products, mainly from Thailand ($867k), Singapore ($54.4k), Japan ($52.3k), United States ($49k), and China ($34.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lubricating Products BY Laos WERE (2021 - 2022):
Japan-$840 (-100%)
Canada-$9 (-42.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Lubricating Products were:
Germany $2.32B
United States $1.94B
Japan $1.24B
In 2022, Laos's main importing competitors in Lubricating Products were:
China $1.71B
Germany $676M
Mexico $433M

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Trade Value of Lubricating Products by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $746
TOP IMPORT POTENTIALChina+ $78.6k

Lubricating Products’s highest export potential is China. With an export gap of $746.   Lubricating Products’s highest import potential is China with an import gap of $78.6k.

See methodology.

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