2022
Exports
$833World Rnk 160 / 178
Flag Rnk 525 / 648
2022
PRODUCT COMPLEXITY IN Soil Preparation Machinery
0.69Rnk 279 / 1025
2022
Imports
$4.03MWorld Rnk 106 / 211
Flag Rnk 247 / 1071
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $833 in Soil Preparation Machinery, making it the 160th largest exporter of Soil Preparation Machinery in the world. At the same year, Soil Preparation Machinery was the 525th most exported product in Laos. The main destination of Soil Preparation Machinery exports from Laos are: Canada ($833).

The fastest growing export markets for Soil Preparation Machinery of Laos between 2021 and 2022 were Canada ($729).

Imports In 2022, Laos imported $4.03M in Soil Preparation Machinery, becoming the 106th largest importer of Soil Preparation Machinery in the world. At the same year, Soil Preparation Machinery was the 247th most imported product in Laos. Laos imports Soil Preparation Machinery primarily from: Thailand ($3.58M), China ($254k), Vietnam ($87.9k), Cambodia ($33k), and Australia ($31.6k).

The fastest growing import markets in Soil Preparation Machinery for Laos between 2021 and 2022 were Cambodia ($33k), Australia ($31.6k), and South Korea ($10.5k).

COMPANIES In 2023, leading companies such as CNH Industrial (1) were at the forefront of shipping Soil Preparation Machinery from Laos to the United States.

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 Soil Preparation Machinery. 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)$833
IMPORTS (2022)$4.03M
NET TRADE (2022)-$4.02M

In 2022, Laos exported $833 in Soil Preparation Machinery. The main destinations of Laos exports on Soil Preparation Machinery were Canada ($833).

In 2022, Laos imported $4.03M in Soil Preparation Machinery, mainly from Thailand ($3.58M), China ($254k), Vietnam ($87.9k), Cambodia ($33k), and Australia ($31.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soil Preparation Machinery EXPORT MARKETS FOR Laos WERE (2021 - 2022):Canada$729 (701%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soil Preparation Machinery BY Laos WERE (2021 - 2022):
Slovakia-$4.66k (-100%)
China-$816 (-100%)
Greece-$301 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Soil Preparation Machinery were:
Germany $2.11B
China $1.21B
Italy $1.12B
In 2022, Laos's main importing competitors in Soil Preparation Machinery were:

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Trade Value of Soil Preparation Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $1.55k
TOP IMPORT POTENTIALChina+ $466k

Soil Preparation Machinery’s highest export potential is Canada. With an export gap of $1.55k.   Soil Preparation Machinery’s highest import potential is China with an import gap of $466k.

See methodology.

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