Laos recorded a trade surplus of 20.37 USD Million in the third quarter of 2019. source: Bank of the Lao PDR

Balance of Trade in Laos averaged -173.54 USD Million from 2004 until 2019, reaching an all time high of 41.50 USD Million in the first quarter of 2012 and a record low of -734.71 USD Million in the first quarter of 2015. 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 November of 2020.

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 2021, according to our econometric models.

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Laos Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
20.37 -163.95 41.50 -734.71 2004 - 2019 USD Million Quarterly

Laos Trade Last Previous Highest Lowest Unit
Balance of Trade 20.37 -163.95 41.50 -734.71 USD Million [+]
Current Account -349.83 -118.37 168.56 -668.17 USD Million [+]
Current Account to GDP -7.20 -7.90 1.96 -26.90 percent [+]
Imports 1446.94 1577.81 1652.80 124.40 USD Million [+]
Exports 1467.31 1413.86 1467.31 11.50 USD Million [+]
Gold Reserves 0.90 0.90 8.90 0.30 Tonnes [+]
Terrorism Index 1.03 1.68 2.11 0.00 [+]
Tourism Revenues 785.90 648.10 785.90 6.30 USD Million [+]
Tourist Arrivals 4457675.00 3868838.00 4684429.00 102946.00 [+]
External Debt 9761.50 8561.20 9761.50 769.60 USD Million [+]
Foreign Direct Investment 170.70 103.32 913.24 8.00 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..