Laos recorded a trade surplus of 172.71 USD Million in the second quarter of 2021. source: Bank of the Lao PDR

Balance of Trade in Laos averaged -138.64 USD Million from 2004 until 2021, reaching an all time high of 395.07 USD Million in the third quarter of 2020 and a record low of -630.13 USD Million in the second quarter of 2014. This page provides the latest reported value for - Laos Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Laos Balance of Trade - values, historical data and charts - was last updated on January of 2022.

Balance of Trade in Laos is expected to be -361.70 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Laos Balance of Trade is projected to trend around -361.70 USD Million in 2022, according to our econometric models.

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Laos Balance of Trade

Laos Balance of Trade
As a landlocked communist state, Laos has a relatively closed economy and engages in trade with only a few neighbouring countries. Laos consistently runs trade deficits due to its underdeveloped infrastructure and undiversified export base. Laos' main exports are wood, clothing, coffee, electricity, metals, corn and rubber. Laos mainly imports oil, machinery and equipment, vehicles, iron and steel, telecommunication equipment, beverages and cement..
Actual Previous Highest Lowest Dates Unit Frequency
172.71 309.15 395.07 -630.13 2004 - 2021 USD Million Quarterly

Related Last Previous Unit Reference
Balance of Trade 172.71 309.15 USD Million Jun/21
Current Account -46.52 -47.18 USD Million Jun/21
Current Account to GDP -0.60 -6.99 percent of GDP Dec/20
Exports 1781.94 2030.40 USD Million Jun/21
Imports 1609.23 1721.25 USD Million Jun/21
Foreign Direct Investment 199.61 339.78 USD Million Jun/21
Tourist Arrivals 894776.00 4791065.00 Dec/20
Tourism Revenues 213.21 934.70 USD Million Dec/20
External Debt 10610.34 9935.62 USD Million Dec/20