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2022
Exports $42.6kWorld Rnk 128 / 200
Flag Rnk 74 / 94
2022
Destination $28.7k Thailand
2021 - 2022
FASTEST GROWING MARKET $28.7kThailand
2022
PRODUCT COMPLEXITY IN Musical instruments1.43Rnk 66 / 1025
2022
Imports $115kWorld Rnk 175 / 224
Flag Rnk 90 / 96
2022
Origin $18.4k China
2021 - 2022
FASTEST GROWING ORIGIN $18.4kChina
2022
ECONOMIC COMPLEXITY of Laos-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $42.6k in Musical instruments, making it the 128th largest exporter of Musical instruments in the world. At the same year, Musical instruments was the 74th most exported product in Laos. The main destination of Musical instruments exports from Laos are: Thailand ($28.7k), Germany ($11.8k), United Kingdom ($1.67k), and France ($459).

The fastest growing export markets for Musical instruments of Laos between 2021 and 2022 were Thailand ($28.7k), Germany ($11.8k), and United Kingdom ($1.67k).

Imports In 2022, Laos imported $115k in Musical instruments, becoming the 175th largest importer of Musical instruments in the world. At the same year, Musical instruments was the 90th most imported product in Laos. Laos imports Musical instruments primarily from: China ($50.7k), Thailand ($42.4k), Japan ($12.5k), Hungary ($6.71k), and South Korea ($1.77k).

The fastest growing import markets in Musical instruments for Laos between 2021 and 2022 were China ($18.4k), Thailand ($13.7k), and Japan ($11.8k).

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 Musical instruments. 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)$42.6k
IMPORTS (2022)$115k
NET TRADE (2022)-$72.1k

In 2022, Laos exported $42.6k in Musical instruments. The main destinations of Laos exports on Musical instruments were Thailand ($28.7k), Germany ($11.8k), United Kingdom ($1.67k), and France ($459).

In 2022, Laos imported $115k in Musical instruments, mainly from China ($50.7k), Thailand ($42.4k), Japan ($12.5k), Hungary ($6.71k), and South Korea ($1.77k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Musical instruments EXPORT MARKETS FOR Laos WERE (2021 - 2022):
Thailand$28.7k (1%)
Germany$11.8k (1%)
United Kingdom$1.67k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical instruments BY Laos WERE (2021 - 2022):
United States-$12.5k (-100%)
Australia-$1.4k (-100%)
Cambodia-$510 (-100%)
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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 Musical instruments were:
China $2.53B
Indonesia $1.08B
Germany $1.01B
In 2022, Laos's main importing competitors in Musical instruments were:
United States $1.91B
Germany $876M
China $615M

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Trade Value of Musical instruments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $11.9k
TOP IMPORT POTENTIALChina+ $81.7k

Musical instruments’s highest export potential is Germany. With an export gap of $11.9k.   Musical instruments’s highest import potential is China with an import gap of $81.7k.

See methodology.

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