2022
Exports
$1.2MWorld Rnk 116 / 226
Flag Rnk 52 / 94
2022
PRODUCT COMPLEXITY IN Tools & cutlery
1.7Rnk 24 / 1025
2022
Imports
$13.4MWorld Rnk 142 / 225
Flag Rnk 57 / 96
2022
ECONOMIC COMPLEXITY of Laos
-0.79Rnk 100 / 133

About

Exports In 2022, Laos exported $1.2M in Tools & cutlery, making it the 116th largest exporter of Tools & cutlery in the world. At the same year, Tools & cutlery was the 52nd most exported product in Laos. The main destination of Tools & cutlery exports from Laos are: Thailand ($1.18M), United States ($5.31k), Morocco ($3.39k), Indonesia ($3.1k), and France ($2.02k).

The fastest growing export markets for Tools & cutlery of Laos between 2021 and 2022 were Morocco ($3.39k), Indonesia ($3.1k), and Poland ($388).

Imports In 2022, Laos imported $13.4M in Tools & cutlery, becoming the 142nd largest importer of Tools & cutlery in the world. At the same year, Tools & cutlery was the 57th most imported product in Laos. Laos imports Tools & cutlery primarily from: Thailand ($6.63M), China ($5.75M), Vietnam ($365k), United States ($252k), and Australia ($146k).

The fastest growing import markets in Tools & cutlery for Laos between 2021 and 2022 were China ($2.16M), France ($25.6k), and Austria ($15.7k).

COMPANIES In 2023, leading companies such as Norwegian Cruise Line (1) were at the forefront of shipping Tools & cutlery 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 Tools & cutlery. 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)$1.2M
IMPORTS (2022)$13.4M
NET TRADE (2022)-$12.2M

In 2022, Laos exported $1.2M in Tools & cutlery. The main destinations of Laos exports on Tools & cutlery were Thailand ($1.18M), United States ($5.31k), Morocco ($3.39k), Indonesia ($3.1k), and France ($2.02k).

In 2022, Laos imported $13.4M in Tools & cutlery, mainly from Thailand ($6.63M), China ($5.75M), Vietnam ($365k), United States ($252k), and Australia ($146k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tools & cutlery EXPORT MARKETS FOR Laos WERE (2021 - 2022):
Morocco$3.39k (1%)
Indonesia$3.1k (1%)
Poland$388 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tools & cutlery BY Laos WERE (2021 - 2022):
Thailand-$225k (-16%)
Japan-$57.8k (-100%)
Vietnam-$6.8k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Laos's main exporting competitors in Tools & cutlery were:
In 2022, Laos's main importing competitors in Tools & cutlery were:

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Trade Value of Tools & cutlery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $387k
TOP IMPORT POTENTIALChina+ $5.27M

Tools & cutlery’s highest export potential is Thailand. With an export gap of $387k.   Tools & cutlery’s highest import potential is China with an import gap of $5.27M.

See methodology.

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