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2022
Exports $2.77MWorld Rnk 90 / 207
Flag Rnk 113 / 648
2022
Destination $268k United Kingdom
2021 - 2022
FASTEST GROWING MARKET $268kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Knit Men's Suits-1.32Rnk 915 / 1025
2022
Imports $2.63MWorld Rnk 139 / 221
Flag Rnk 309 / 1071
2022
Origin $2.39M China
2021 - 2022
FASTEST GROWING ORIGIN $2.39MChina
2022
ECONOMIC COMPLEXITY of Laos-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $2.77M in Knit Men's Suits, making it the 90th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 113th most exported product in Laos. The main destination of Knit Men's Suits exports from Laos are: United Kingdom ($1.22M), Japan ($342k), Australia ($261k), United States ($187k), and Ireland ($184k).

The fastest growing export markets for Knit Men's Suits of Laos between 2021 and 2022 were United Kingdom ($268k), United States ($160k), and Ireland ($143k).

Imports In 2022, Laos imported $2.63M in Knit Men's Suits, becoming the 139th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 309th most imported product in Laos. Laos imports Knit Men's Suits primarily from: China ($2.48M), Thailand ($143k), Vietnam ($6.5k), United Kingdom ($1.68k), and Sweden ($494).

The fastest growing import markets in Knit Men's Suits for Laos between 2021 and 2022 were China ($2.39M), Thailand ($25.4k), and United Kingdom ($1.03k).

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 Knit Men's Suits. 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)$2.77M
IMPORTS (2022)$2.63M
NET TRADE (2022)$134k

In 2022, Laos exported $2.77M in Knit Men's Suits. The main destinations of Laos exports on Knit Men's Suits were United Kingdom ($1.22M), Japan ($342k), Australia ($261k), United States ($187k), and Ireland ($184k).

In 2022, Laos imported $2.63M in Knit Men's Suits, mainly from China ($2.48M), Thailand ($143k), Vietnam ($6.5k), United Kingdom ($1.68k), and Sweden ($494).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Laos WERE (2021 - 2022):
United Kingdom$268k (28.2%)
United States$160k (589%)
Ireland$143k (345%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Laos WERE (2021 - 2022):
Italy-$406k (-100%)
Japan-$305k (-47.1%)
Austria-$57.4k (-96.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Knit Men's Suits were:
China $4.9B
Bangladesh $1.43B
Vietnam $1.42B
In 2022, Laos's main importing competitors in Knit Men's Suits were:
United States $3.65B
Germany $921M
United Kingdom $799M

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited Kingdom+ $441k
TOP IMPORT POTENTIALChina+ $1.48M

Knit Men's Suits’s highest export potential is United Kingdom. With an export gap of $441k.   Knit Men's Suits’s highest import potential is China with an import gap of $1.48M.

See methodology.

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