Laos recorded a trade surplus of 292.89 USD Million in the first quarter of 2021. source: Bank of the Lao PDR

Balance of Trade in Laos averaged -143.39 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 June of 2021.

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. Looking forward, we estimate Balance of Trade in Laos to stand at -361.70 in 12 months time. 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

Actual Previous Highest Lowest Dates Unit Frequency
292.89 216.85 395.07 -630.13 2004 - 2021 USD Million Quarterly

Laos Trade Last Previous Highest Lowest Unit
Balance of Trade 292.89 216.85 395.07 -630.13 USD Million [+]
Current Account 70.23 -27.59 299.42 -675.98 USD Million [+]
Current Account to GDP -7.20 -7.90 1.96 -26.90 percent of GDP [+]
Imports 1704.22 1491.71 1834.84 124.40 USD Million [+]
Exports 1997.11 1708.56 1997.11 11.50 USD Million [+]
Terrorism Index 0.44 1.03 2.11 0.00 [+]
Tourism Revenues 934.70 811.00 934.70 6.30 USD Million [+]
Tourist Arrivals 4791065.00 4186432.00 4791065.00 102946.00 [+]
Foreign Direct Investment 339.78 264.52 579.76 8.00 USD Million [+]
External Debt 9935.62 9320.47 9935.62 769.60 USD Million [+]


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..