Trade Trend

In 2024, Laos's total import value was $10,585,270,820, ranking 114 globally. Among them: the product with the highest import growth rate is Electrical energy, with a growth rate of 1944104.23%. The import value of this product in Laos accounts for 0.25% of the global share. The product with the largest absolute increase in import value is Prepared binders for foundry moulds or cores; chemical products and preparations......, with a growth rate of 4258.11%. The import value of this product in Laos accounts for 0.80% of the global share. In 2024, Laos's total export value was $12,599,963,718, ranking 91 globally. Among them: the product with the highest export growth rate is Carbonates; peroxocarbonates (percarbonates); commercial ammonium carbonate cont......, with a growth rate of 627177.35%. The export value of this product in Laos accounts for 0.01% of the global share. The product with the largest absolute increase in export value is Semiconductor devices (e.g. diodes, transistors, semiconductor based transducers......, with a growth rate of 7897.39%. The export value of this product in Laos accounts for 0.45% of the global share.

In 2024, Laos's trade surplus was $2,014,692,898, ranking 53 globally. Compared to 2023, the trade balance shifted from a deficit to a surplus. Among them, the product that created the largest trade surplus is Electrical energy, while the product that mainly relied on imports is Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c,.......

In 2024, the largest export trading partner of Laos was China, the three types of products that Laos exports the most to this country are Fertilizers; mineral or chemical, potassic、Iron ores and concentrates; including roasted iron pyrites and Copper ores and concentrates. They respectively account for 66.35%,90.99%,99.37% of Laos's exports of these three types of products to the world. They also account for 13.24%,10.55%,10.48% of Laos's total exports to the China respectively. In 2024, the largest import trading partner of Laos was Thailand，the three types of products that Laos imports the most to this country are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c,...、Cane or beet sugar and chemically pure sucrose, in solid form and Gold (including gold plated with platinum) unwrought or in semimanufactured form.... They respectively account for 66.35%,90.99%,99.37% of Laos's imports of these three types of products from the world. They also account for 25.28%,4.66%,3.46% of Laos's total imports to the Thailand respectively.