Laos recorded a trade surplus of 311.01 USD Million in the fourth quarter of 2021. source: Bank of the Lao PDR

Balance of Trade in Laos averaged -122.24 USD Million from 2004 until 2021, reaching an all time high of 514.59 USD Million in the third quarter of 2021 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 July 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 2023, according to our econometric models.

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Laos Balance of Trade

Related Last Previous Unit Reference
Balance of Trade 311.01 514.59 USD Million Dec 2021
Current Account 71.96 311.31 USD Million Dec 2021
Current Account to GDP -0.60 -6.99 percent of GDP Dec 2020
Exports 1877.25 1987.46 USD Million Dec 2021
Imports 1566.20 1472.90 USD Million Dec 2021
Foreign Direct Investment 208.09 293.15 USD Million Dec 2021
Tourist Arrivals 894776.00 4791065.00 Dec 2020
Tourism Revenues 213.21 934.70 USD Million Dec 2020
External Debt 10610.34 9935.62 USD Million Dec 2020

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
311.01 514.59 514.59 -630.13 2004 - 2021 USD Million Quarterly