2022
Exports
$329MWorld Rnk 60 / 221
Flag Rnk 9 / 94
2022
PRODUCT COMPLEXITY IN Wood, wood articles, & charcoal
0.3Rnk 451 / 1025
2022
Imports
$100MWorld Rnk 95 / 226
Flag Rnk 18 / 96
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $329M in Wood, wood articles, & charcoal, making it the 60th largest exporter of Wood, wood articles, & charcoal in the world. At the same year, Wood, wood articles, & charcoal was the 9th most exported product in Laos. The main destination of Wood, wood articles, & charcoal exports from Laos are: China ($137M), Vietnam ($130M), South Korea ($31.1M), Japan ($16.7M), and Thailand ($10M).

The fastest growing export markets for Wood, wood articles, & charcoal of Laos between 2021 and 2022 were China ($86M), Vietnam ($73.9M), and South Korea ($12.3M).

Imports In 2022, Laos imported $100M in Wood, wood articles, & charcoal, becoming the 95th largest importer of Wood, wood articles, & charcoal in the world. At the same year, Wood, wood articles, & charcoal was the 18th most imported product in Laos. Laos imports Wood, wood articles, & charcoal primarily from: Thailand ($88.7M), China ($6.36M), Vietnam ($5.1M), Finland ($36.7k), and Austria ($32.5k).

The fastest growing import markets in Wood, wood articles, & charcoal for Laos between 2021 and 2022 were Thailand ($17.7M), China ($1.51M), and Finland ($36.7k).

COMPANIES In 2023, leading companies such as Amazon (1) and Stihl (1) were at the forefront of shipping Wood, wood articles, & charcoal 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 Wood, wood articles, & charcoal. 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)$329M
IMPORTS (2022)$100M
NET TRADE (2022)$229M

In 2022, Laos exported $329M in Wood, wood articles, & charcoal. The main destinations of Laos exports on Wood, wood articles, & charcoal were China ($137M), Vietnam ($130M), South Korea ($31.1M), Japan ($16.7M), and Thailand ($10M).

In 2022, Laos imported $100M in Wood, wood articles, & charcoal, mainly from Thailand ($88.7M), China ($6.36M), Vietnam ($5.1M), Finland ($36.7k), and Austria ($32.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood, wood articles, & charcoal EXPORT MARKETS FOR Laos WERE (2021 - 2022):
China$86M (168%)
Vietnam$73.9M (132%)
South Korea$12.3M (65.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood, wood articles, & charcoal BY Laos WERE (2021 - 2022):
Burma-$456k (-100%)
Maldives-$314k (-88%)
Chinese Taipei-$162k (-10.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Wood, wood articles, & charcoal were:
China $18.7B
Germany $12.9B
In 2022, Laos's main importing competitors in Wood, wood articles, & charcoal were:

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Trade Value of Wood, wood articles, & charcoal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $78.5M
TOP IMPORT POTENTIALVietnam+ $6.6M

Wood, wood articles, & charcoal’s highest export potential is China. With an export gap of $78.5M.   Wood, wood articles, & charcoal’s highest import potential is Vietnam with an import gap of $6.6M.

See methodology.

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