2022
Exports
$2.43BWorld Rnk 80 / 216
Flag Rnk 1 / 94
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$1.32BWorld Rnk 115 / 225
Flag Rnk 1 / 96
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $2.43B in Mineral fuels, mineral oils and products of their distillation, making it the 80th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most exported product in Laos. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Laos are: Thailand ($2.03B), Cambodia ($189M), Vietnam ($173M), Singapore ($24M), and China ($12.6M).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Laos between 2021 and 2022 were Thailand ($229M), Vietnam ($104M), and Cambodia ($80.1M).

Imports In 2022, Laos imported $1.32B in Mineral fuels, mineral oils and products of their distillation, becoming the 115th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most imported product in Laos. Laos imports Mineral fuels, mineral oils and products of their distillation primarily from: Thailand ($1.18B), Vietnam ($134M), China ($7.45M), Singapore ($1.83M), and Malaysia ($1.22M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Laos between 2021 and 2022 were Thailand ($436M), Vietnam ($60.2M), and China ($4.23M).

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 Mineral fuels, mineral oils and products of their distillation. 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)$2.43B
IMPORTS (2022)$1.32B
NET TRADE (2022)$1.11B

In 2022, Laos exported $2.43B in Mineral fuels, mineral oils and products of their distillation. The main destinations of Laos exports on Mineral fuels, mineral oils and products of their distillation were Thailand ($2.03B), Cambodia ($189M), Vietnam ($173M), Singapore ($24M), and China ($12.6M).

In 2022, Laos imported $1.32B in Mineral fuels, mineral oils and products of their distillation, mainly from Thailand ($1.18B), Vietnam ($134M), China ($7.45M), Singapore ($1.83M), and Malaysia ($1.22M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Laos WERE (2021 - 2022):
Thailand$229M (12.7%)
Vietnam$104M (150%)
Cambodia$80.1M (73.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Laos WERE (2021 - 2022):
Burma-$159k (-100%)
Malaysia-$66.8k (-100%)
South Korea-$6.65k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Laos's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Laos's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $32M
TOP IMPORT POTENTIALChina+ $16M

Mineral fuels, mineral oils and products of their distillation’s highest export potential is China. With an export gap of $32M.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is China with an import gap of $16M.

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