2022
Exports
$22.7MWorld Rnk 119 / 226
Flag Rnk 25 / 94
2022
PRODUCT COMPLEXITY IN Plastics & articles thereof
1.72Rnk 19 / 1025
2022
Imports
$305MWorld Rnk 121 / 226
Flag Rnk 6 / 96
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $22.7M in Plastics & articles thereof, making it the 119th largest exporter of Plastics & articles thereof in the world. At the same year, Plastics & articles thereof was the 25th most exported product in Laos. The main destination of Plastics & articles thereof exports from Laos are: China ($12.9M), Thailand ($4.44M), Vietnam ($1.77M), Spain ($1.7M), and Ethiopia ($1.03M).

The fastest growing export markets for Plastics & articles thereof of Laos between 2021 and 2022 were Spain ($936k), Thailand ($884k), and Dominican Republic ($113k).

Imports In 2022, Laos imported $305M in Plastics & articles thereof, becoming the 121st largest importer of Plastics & articles thereof in the world. At the same year, Plastics & articles thereof was the 6th most imported product in Laos. Laos imports Plastics & articles thereof primarily from: Thailand ($183M), China ($88M), Vietnam ($21.1M), Japan ($3.8M), and South Korea ($2.05M).

The fastest growing import markets in Plastics & articles thereof for Laos between 2021 and 2022 were China ($44.2M), Thailand ($15.6M), and South Korea ($1.47M).

COMPANIES In 2023, leading companies such as The Tile Shop (4), Amazon (2), and Molson Coors (2) were at the forefront of shipping Plastics & articles thereof 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 Plastics & articles thereof. 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)$22.7M
IMPORTS (2022)$305M
NET TRADE (2022)-$282M

In 2022, Laos exported $22.7M in Plastics & articles thereof. The main destinations of Laos exports on Plastics & articles thereof were China ($12.9M), Thailand ($4.44M), Vietnam ($1.77M), Spain ($1.7M), and Ethiopia ($1.03M).

In 2022, Laos imported $305M in Plastics & articles thereof, mainly from Thailand ($183M), China ($88M), Vietnam ($21.1M), Japan ($3.8M), and South Korea ($2.05M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastics & articles thereof EXPORT MARKETS FOR Laos WERE (2021 - 2022):
Spain$936k (122%)
Thailand$884k (24.9%)
Dominican Republic$113k (57.2k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastics & articles thereof BY Laos WERE (2021 - 2022):
China-$6.06M (-32%)
Vietnam-$4.29M (-70.8%)
Ethiopia-$818k (-44.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Plastics & articles thereof were:
In 2022, Laos's main importing competitors in Plastics & articles thereof were:

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Trade Value of Plastics & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $13.3M
TOP IMPORT POTENTIALChina+ $65.6M

Plastics & articles thereof’s highest export potential is China. With an export gap of $13.3M.   Plastics & articles thereof’s highest import potential is China with an import gap of $65.6M.

See methodology.

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