2022
Exports
$601kWorld Rnk 127 / 216
Flag Rnk 180 / 648
2022
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.9Rnk 10 / 1025
2022
Imports
$14.3MWorld Rnk 137 / 225
Flag Rnk 111 / 1071
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $601k in Machinery Having Individual Functions, making it the 127th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 180th most exported product in Laos. The main destination of Machinery Having Individual Functions exports from Laos are: Thailand ($536k), United States ($53.7k), China ($9.8k), Singapore ($743), and Iceland ($493).

The fastest growing export markets for Machinery Having Individual Functions of Laos between 2021 and 2022 were Thailand ($445k), China ($8.57k), and Singapore ($708).

Imports In 2022, Laos imported $14.3M in Machinery Having Individual Functions, becoming the 137th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 111th most imported product in Laos. Laos imports Machinery Having Individual Functions primarily from: China ($7.06M), Thailand ($4.08M), Romania ($968k), Japan ($625k), and Germany ($428k).

The fastest growing import markets in Machinery Having Individual Functions for Laos between 2021 and 2022 were China ($2.27M), Romania ($963k), and Malaysia ($65.6k).

Latest Trends

Nov 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 Machinery Having Individual Functions. 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)$601k
IMPORTS (2022)$14.3M
NET TRADE (2022)-$13.7M

In 2022, Laos exported $601k in Machinery Having Individual Functions. The main destinations of Laos exports on Machinery Having Individual Functions were Thailand ($536k), United States ($53.7k), China ($9.8k), Singapore ($743), and Iceland ($493).

In 2022, Laos imported $14.3M in Machinery Having Individual Functions, mainly from China ($7.06M), Thailand ($4.08M), Romania ($968k), Japan ($625k), and Germany ($428k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Laos WERE (2021 - 2022):
Thailand$445k (493%)
China$8.57k (699%)
Singapore$708 (2.02k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Laos WERE (2021 - 2022):
Lithuania-$150k (-100%)
Japan-$95.2k (-100%)
Vietnam-$16.6k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Machinery Having Individual Functions were:
In 2022, Laos's main importing competitors in Machinery Having Individual Functions were:

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALThailand+ $430k
TOP IMPORT POTENTIALChina+ $5.63M

Machinery Having Individual Functions’s highest export potential is Thailand. With an export gap of $430k.   Machinery Having Individual Functions’s highest import potential is China with an import gap of $5.63M.

See methodology.

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