Laos Balance of Trade2022 Data - 2023 Forecast - 2004-2021 Historical - Chart

Name: Laos Balance of Trade
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Keywords: Laos,Balance of Trade,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

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 May 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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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..