Key Market Indicators
Lao Electrical Equipment Exports are projected to reach $583 million by 2026, up from $460 million in 2021. On average, exports have grown 4% year-on-year since 2015. In 2021, Laos was ranked 66th in the world. Colombia overtook it, with exports of $459 million. South Korea, the United States and Germany were the top three exporters in this ranking. Lao Electrical Equipment Imports are set to reach $1.04 billion by 2026, up from $866 million in 2021. Imports have increased an average of 3% year-on-year since 2015. In 2021, Laos was ranked 84th in the world. Bolivia overtook it, with imports of $866 million. The United States, Germany and Singapore were the top three importers in this ranking.
