2022
Exports
$31.9MWorld Rnk 65 / 221
Flag Rnk 40 / 648
2022
PRODUCT COMPLEXITY IN Knit Sweaters
-1.3Rnk 909 / 1025
2022
Imports
$7.85MWorld Rnk 117 / 218
Flag Rnk 166 / 1071
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $31.9M in Knit Sweaters, making it the 65th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 40th most exported product in Laos. The main destination of Knit Sweaters exports from Laos are: Germany ($17.9M), United States ($4.84M), Switzerland ($3.2M), Denmark ($2.78M), and United Kingdom ($887k).

The fastest growing export markets for Knit Sweaters of Laos between 2021 and 2022 were United States ($4.56M), Denmark ($1.35M), and Singapore ($376k).

Imports In 2022, Laos imported $7.85M in Knit Sweaters, becoming the 117th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 166th most imported product in Laos. Laos imports Knit Sweaters primarily from: China ($7.61M), South Korea ($128k), United Kingdom ($36.5k), Thailand ($34.3k), and Spain ($16.7k).

The fastest growing import markets in Knit Sweaters for Laos between 2021 and 2022 were China ($7.23M), South Korea ($128k), and United Kingdom ($22.9k).

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 Knit Sweaters. 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)$31.9M
IMPORTS (2022)$7.85M
NET TRADE (2022)$24.1M

In 2022, Laos exported $31.9M in Knit Sweaters. The main destinations of Laos exports on Knit Sweaters were Germany ($17.9M), United States ($4.84M), Switzerland ($3.2M), Denmark ($2.78M), and United Kingdom ($887k).

In 2022, Laos imported $7.85M in Knit Sweaters, mainly from China ($7.61M), South Korea ($128k), United Kingdom ($36.5k), Thailand ($34.3k), and Spain ($16.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Laos WERE (2021 - 2022):
United States$4.56M (1.62k%)
Denmark$1.35M (94%)
Singapore$376k (934%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Laos WERE (2021 - 2022):
Austria-$2.8M (-100%)
Germany-$2.13M (-10.6%)
Switzerland-$851k (-21%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Knit Sweaters were:
In 2022, Laos's main importing competitors in Knit Sweaters were:

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Trade Value of Knit Sweaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $7.39M
TOP IMPORT POTENTIALChina+ $5.61M

Knit Sweaters’s highest export potential is Germany. With an export gap of $7.39M.   Knit Sweaters’s highest import potential is China with an import gap of $5.61M.

See methodology.

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