2023
Exports
$93.9kWorld Rnk 182 / 214
Flag Rnk 251 / 630
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$1.24BWorld Rnk 96 / 226
Flag Rnk 1 / 1073
2023
ECONOMIC COMPLEXITY of Laos
-0.89Rnk 107 / 132

About

Exports In 2023, Laos exported $93.9k in Refined Petroleum, making it the 182nd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 251st most exported product in Laos. The main destination of Refined Petroleum exports from Laos are: Montenegro ($47.9k), Burma ($19.7k), United Arab Emirates ($14.6k), and Thailand ($11.7k).

The fastest growing export markets for Refined Petroleum of Laos between 2022 and 2023 were Montenegro ($47.9k), Burma ($19.7k), and United Arab Emirates ($14.6k).

Imports In 2023, Laos imported $1.24B in Refined Petroleum, becoming the 96th 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 ($1.23B), Malaysia ($10.7M), China ($5.67M), Singapore ($1.68M), and Germany ($218k).

The fastest growing import markets in Refined Petroleum for Laos between 2022 and 2023 were Thailand ($104M), Malaysia ($10.3M), and China ($3.26M).

COMPANIES In 2024, leading companies such as DAVID OPPENHEIMER CO. (1) were at the forefront of shipping Refined Petroleum from Laos to the United States.

Latest Trends

Dec 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 (2023)$93.9k
IMPORTS (2023)$1.24B
NET TRADE (2023)-$1.24B

In 2023, Laos exported $93.9k in Refined Petroleum. The main destinations of Laos exports on Refined Petroleum were Montenegro ($47.9k), Burma ($19.7k), United Arab Emirates ($14.6k), and Thailand ($11.7k).

In 2023, Laos imported $1.24B in Refined Petroleum, mainly from Thailand ($1.23B), Malaysia ($10.7M), China ($5.67M), Singapore ($1.68M), and Germany ($218k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Laos WERE (2022 - 2023):
Montenegro$47.9k (1%)
Burma$19.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Laos WERE (2022 - 2023):Canada-$6 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Laos's main exporting competitors in Refined Petroleum were:
In 2023, 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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