Laos recorded a trade deficit of 163.95 USD Million in the second quarter of 2019. Laos Balance of Trade - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Balance of Trade in Laos averaged -176.67 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.

Balance of Trade in Laos is expected to be -437.00 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
-163.95 -5.16 41.50 -734.71 2004 - 2019 USD Million Quarterly

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..