2022
Exports
$7.58MWorld Rnk 64 / 188
Flag Rnk 37 / 94
2022
PRODUCT COMPLEXITY IN Natural gums, resins & other vegetable extracts
-0.98Rnk 834 / 1025
2022
Imports
$1.05MWorld Rnk 130 / 212
Flag Rnk 82 / 96
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $7.58M in Natural gums, resins & other vegetable extracts, making it the 64th largest exporter of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 37th most exported product in Laos. The main destination of Natural gums, resins & other vegetable extracts exports from Laos are: China ($4.73M), Thailand ($865k), France ($681k), Spain ($596k), and India ($265k).

The fastest growing export markets for Natural gums, resins & other vegetable extracts of Laos between 2021 and 2022 were China ($2.64M), Spain ($361k), and Thailand ($198k).

Imports In 2022, Laos imported $1.05M in Natural gums, resins & other vegetable extracts, becoming the 130th largest importer of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 82nd most imported product in Laos. Laos imports Natural gums, resins & other vegetable extracts primarily from: United States ($355k), Germany ($301k), Indonesia ($147k), Singapore ($84.2k), and Vietnam ($68.3k).

The fastest growing import markets in Natural gums, resins & other vegetable extracts for Laos between 2021 and 2022 were Germany ($297k), United States ($295k), and Singapore ($40.9k).

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 Natural gums, resins & other vegetable extracts. 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)$7.58M
IMPORTS (2022)$1.05M
NET TRADE (2022)$6.53M

In 2022, Laos exported $7.58M in Natural gums, resins & other vegetable extracts. The main destinations of Laos exports on Natural gums, resins & other vegetable extracts were China ($4.73M), Thailand ($865k), France ($681k), Spain ($596k), and India ($265k).

In 2022, Laos imported $1.05M in Natural gums, resins & other vegetable extracts, mainly from United States ($355k), Germany ($301k), Indonesia ($147k), Singapore ($84.2k), and Vietnam ($68.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Natural gums, resins & other vegetable extracts EXPORT MARKETS FOR Laos WERE (2021 - 2022):
China$2.64M (126%)
Spain$361k (154%)
Thailand$198k (29.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Natural gums, resins & other vegetable extracts BY Laos WERE (2021 - 2022):
Netherlands-$33k (-100%)
Switzerland-$28.3k (-91.4%)
Argentina-$2.22k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Natural gums, resins & other vegetable extracts were:
China $2.24B
India $1.18B
Spain $920M
In 2022, Laos's main importing competitors in Natural gums, resins & other vegetable extracts were:

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Trade Value of Natural gums, resins & other vegetable extracts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $2.34M
TOP IMPORT POTENTIALVietnam+ $99.8k

Natural gums, resins & other vegetable extracts’s highest export potential is China. With an export gap of $2.34M.   Natural gums, resins & other vegetable extracts’s highest import potential is Vietnam with an import gap of $99.8k.

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