2022
Exports
$34World Rnk 212 / 214
Flag Rnk 616 / 648
falsefalse Thailand
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$1.25BWorld Rnk 101 / 225
Flag Rnk 1 / 1071
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $34 in Refined Petroleum, making it the 212th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 616th most exported product in Laos. The main destination of Refined Petroleum exports from Laos are: Thailand ($29) and Canada ($5).

Imports In 2022, Laos imported $1.25B in Refined Petroleum, becoming the 101st largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Laos. Laos imports Refined Petroleum primarily from: Thailand ($1.11B), Vietnam ($126M), China ($2.4M), Singapore ($1.83M), and South Korea ($1M).

The fastest growing import markets in Refined Petroleum for Laos between 2021 and 2022 were Thailand ($483M), Vietnam ($102M), and China ($1.83M).

Latest Trends

Sep 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 Refined Petroleum. 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)$34
IMPORTS (2022)$1.25B
NET TRADE (2022)-$1.25B

In 2022, Laos exported $34 in Refined Petroleum. The main destinations of Laos exports on Refined Petroleum were Thailand ($29) and Canada ($5).

In 2022, Laos imported $1.25B in Refined Petroleum, mainly from Thailand ($1.11B), Vietnam ($126M), China ($2.4M), Singapore ($1.83M), and South Korea ($1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Laos WERE (2021 - 2022):
China-$56.2k (-100%)
South Korea-$6.65k (-100%)
United Kingdom-$3.84k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Refined Petroleum were:
In 2022, Laos's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.16k
TOP IMPORT POTENTIALChina+ $11.4M

Refined Petroleum’s highest export potential is China. With an export gap of $1.16k.   Refined Petroleum’s highest import potential is China with an import gap of $11.4M.

See methodology.

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