Trade Trend

In 2023, Laos's total export value is 10.15Billion USD, total import value is 9.25Billion USD, Surplus is 901.69Million USD, and foreign trade dependency is 1.224. In 2023，Laos's top export products are Electrical energy(2.20Billion USD), Fertilizers; mineral or chemical, potassic(956.08Million USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(663.40Million USD), top export destinations are China(3.75Billion USD), Thailand(3.00Billion USD), Vietnam(1.17Billion USD). In 2023, Laos's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(1.27Billion USD), Low-value simplified customs clearance goods(450.69Million USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(257.88Million USD), top import origins are Thailand(4.60Billion USD), China(3.35Billion USD), Vietnam(648.94Million USD).

Comparing to 2022, Laos's total export value increased 583.63Million USD(6.10%) in 2023, this could result from its export increases of products such as Fertilizers; mineral or chemical, potassic(635.59Million USD or 198.32%), Coal; briquettes, ovoids and similar solid fuels manufactured from coal(153.28Million USD or 669.51%), Wood sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or fingerjointed, of a thickness exceeding 6mm(151.59Million USD or 2.80Thousands%) and export increases to countries/economics such as China(1.30Billion USD or 53.28%), United States(202.80Million USD or 181.21%), Mexico(117.07Million USD or 8.25Thousands%). Comparing to 2022, Laos's total import value increased 1.63Billion USD(21.40%) in 2023, this could result from its import increases of products such as Machines and apparatus of a kind used solely or principally for the manufacture of semiconductor boules or wafers, semiconductor devices, electronic integrated circuits or flat panel displays; machines & apparatus specified in note 11 (C) to this Chapter(133.70Million USD or 28.33Thousands%), Iron or steel; articles, n.e.c. in chapter 73(115.70Million USD or 1.19Thousands%), Iron or nonalloy steel; flatrolled products, width 600mm or more, clad, plated or coated(107.12Million USD or 516.97%), and its import increases from countries/economies such as China(1.52Billion USD or 82.75%), Thailand(881.68Million USD or 23.71%), Vietnam(73.90Million USD or 12.85%).

Cumulated to first 7 months of 2024, Laos's total export value is 4.64Billion USD, total import value is 4.26Billion USD, and tradesurplus is 381.44Million USD. Cumulated to first 7 months of 2024, Laos's top export products are Electrical energy(767.58Million USD), Manioc, arrowroot, salep, Jerusalem artichokes, sweet potatoes and similar roots and tubers with high starch or inulin content; fresh, chilled, frozen or dried, whether or not sliced or in the form of pellets; sago pith(378.33Million USD), Fertilizers; mineral or chemical, potassic(359.14Million USD), and top export destinations are China(1.93Billion USD), Thailand(1.39Billion USD), Vietnam(452.65Million USD). Cumulated to first 7 months of 2024, Laos's top import products are Electrical energy(767.58Million USD), Manioc, arrowroot, salep, Jerusalem artichokes, sweet potatoes and similar roots and tubers with high starch or inulin content; fresh, chilled, frozen or dried, whether or not sliced or in the form of pellets; sago pith(378.33Million USD), Fertilizers; mineral or chemical, potassic(359.14Million USD), and top import origins areThailand(2.25Billion USD), China(1.60Billion USD), Vietnam(178.81Million USD).