2022
Exports
$86.6MWorld Rnk 71 / 213
Flag Rnk 22 / 94
2022
PRODUCT COMPLEXITY IN Oils seeds, oleaginous fruits, grains, straw & fodder
0.45Rnk 387 / 1025
2022
Imports
$4.79MWorld Rnk 143 / 222
Flag Rnk 70 / 96
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $86.6M in Oils seeds, oleaginous fruits, grains, straw & fodder, making it the 71st largest exporter of Oils seeds, oleaginous fruits, grains, straw & fodder in the world. At the same year, Oils seeds, oleaginous fruits, grains, straw & fodder was the 22nd most exported product in Laos. The main destination of Oils seeds, oleaginous fruits, grains, straw & fodder exports from Laos are: China ($73.1M), Thailand ($7.24M), Japan ($2.21M), France ($1.98M), and Vietnam ($1.8M).

The fastest growing export markets for Oils seeds, oleaginous fruits, grains, straw & fodder of Laos between 2021 and 2022 were China ($55.3M), France ($432k), and Vietnam ($221k).

Imports In 2022, Laos imported $4.79M in Oils seeds, oleaginous fruits, grains, straw & fodder, becoming the 143rd largest importer of Oils seeds, oleaginous fruits, grains, straw & fodder in the world. At the same year, Oils seeds, oleaginous fruits, grains, straw & fodder was the 70th most imported product in Laos. Laos imports Oils seeds, oleaginous fruits, grains, straw & fodder primarily from: Vietnam ($2.87M), Thailand ($718k), United States ($682k), Germany ($303k), and Japan ($123k).

The fastest growing import markets in Oils seeds, oleaginous fruits, grains, straw & fodder for Laos between 2021 and 2022 were Germany ($185k), Brazil ($5.83k), and Israel ($3k).

COMPANIES In 2023, leading companies such as Goya Foods (1) were at the forefront of shipping Oils seeds, oleaginous fruits, grains, straw & fodder 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 Oils seeds, oleaginous fruits, grains, straw & fodder. 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)$86.6M
IMPORTS (2022)$4.79M
NET TRADE (2022)$81.8M

In 2022, Laos exported $86.6M in Oils seeds, oleaginous fruits, grains, straw & fodder. The main destinations of Laos exports on Oils seeds, oleaginous fruits, grains, straw & fodder were China ($73.1M), Thailand ($7.24M), Japan ($2.21M), France ($1.98M), and Vietnam ($1.8M).

In 2022, Laos imported $4.79M in Oils seeds, oleaginous fruits, grains, straw & fodder, mainly from Vietnam ($2.87M), Thailand ($718k), United States ($682k), Germany ($303k), and Japan ($123k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Oils seeds, oleaginous fruits, grains, straw & fodder EXPORT MARKETS FOR Laos WERE (2021 - 2022):
China$55.3M (311%)
France$432k (28%)
Vietnam$221k (14.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Oils seeds, oleaginous fruits, grains, straw & fodder BY Laos WERE (2021 - 2022):
Thailand-$1.17M (-13.9%)
Bahrain-$140k (-100%)
Saudi Arabia-$76.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Oils seeds, oleaginous fruits, grains, straw & fodder were:
In 2022, Laos's main importing competitors in Oils seeds, oleaginous fruits, grains, straw & fodder were:
China $60.5B
Germany $8.59B
Japan $6.28B

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Trade Value of Oils seeds, oleaginous fruits, grains, straw & fodder by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $11.7M
TOP IMPORT POTENTIALUnited States+ $475k

Oils seeds, oleaginous fruits, grains, straw & fodder’s highest export potential is China. With an export gap of $11.7M.   Oils seeds, oleaginous fruits, grains, straw & fodder’s highest import potential is United States with an import gap of $475k.

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