2022
Exports
$1.17kWorld Rnk 177 / 202
Flag Rnk 512 / 648
2022
PRODUCT COMPLEXITY IN Sauces and Seasonings
-0.62Rnk 736 / 1025
2022
Imports
$33.5MWorld Rnk 77 / 225
Flag Rnk 51 / 1071
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $1.17k in Sauces and Seasonings, making it the 177th largest exporter of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 512th most exported product in Laos. The main destination of Sauces and Seasonings exports from Laos are: France ($1.03k), South Korea ($73), Belgium ($60), and Germany ($7).

The fastest growing export markets for Sauces and Seasonings of Laos between 2021 and 2022 were France ($1.03k), Belgium ($58), and Germany ($7).

Imports In 2022, Laos imported $33.5M in Sauces and Seasonings, becoming the 77th largest importer of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 51st most imported product in Laos. Laos imports Sauces and Seasonings primarily from: Thailand ($31.9M), Vietnam ($823k), China ($385k), South Korea ($254k), and United States ($85.9k).

The fastest growing import markets in Sauces and Seasonings for Laos between 2021 and 2022 were China ($66.4k), Vietnam ($3.37k), and Finland ($20).

COMPANIES In 2023, leading companies such as Amazon (1) and Goya Foods (1) were at the forefront of shipping Sauces and Seasonings 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 Sauces and Seasonings. 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)$1.17k
IMPORTS (2022)$33.5M
NET TRADE (2022)-$33.5M

In 2022, Laos exported $1.17k in Sauces and Seasonings. The main destinations of Laos exports on Sauces and Seasonings were France ($1.03k), South Korea ($73), Belgium ($60), and Germany ($7).

In 2022, Laos imported $33.5M in Sauces and Seasonings, mainly from Thailand ($31.9M), Vietnam ($823k), China ($385k), South Korea ($254k), and United States ($85.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sauces and Seasonings EXPORT MARKETS FOR Laos WERE (2021 - 2022):
France$1.03k (1%)
Belgium$58 (2.9k%)
Germany$7 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sauces and Seasonings BY Laos WERE (2021 - 2022):
China-$25.4k (-100%)
Austria-$623 (-100%)
South Korea-$11 (-13.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Sauces and Seasonings were:
In 2022, Laos's main importing competitors in Sauces and Seasonings were:

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Trade Value of Sauces and Seasonings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $2.39k
TOP IMPORT POTENTIALChina+ $976k

Sauces and Seasonings’s highest export potential is France. With an export gap of $2.39k.   Sauces and Seasonings’s highest import potential is China with an import gap of $976k.

See methodology.

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