Laos recorded a trade deficit of 163.95 USD Million in the second quarter of 2019. 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.

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 -437.00 in 12 months time. In the long-term, the Laos Balance of Trade is projected to trend around -361.70 USD Million in 2020, according to our econometric models.

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Laos Balance of Trade
Laos Trade Last Previous Highest Lowest Unit
Balance of Trade -163.95 -5.16 41.50 -734.71 USD Million [+]
Current Account -22838.00 -160.79 168.56 -22838.00 USD Million [+]
Current Account to GDP -7.90 -6.90 1.96 -26.90 percent [+]
Imports 1577.81 1392.14 1652.80 124.40 USD Million [+]
Exports 1413.86 1386.98 1438.12 11.50 USD Million [+]
Gold Reserves 0.90 0.90 8.90 0.30 Tonnes [+]
Terrorism Index 1.68 1.96 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 113.92 169.25 913.24 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.. 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 - actual data, historical chart and calendar of releases - was last updated on November of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-163.95 -5.16 41.50 -734.71 2004 - 2019 USD Million Quarterly




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Brazil 1206.00 Oct/19 2246
Canada -978.00 Sep/19 -1235
China 428.09 Oct/19 392
Euro Area 18653.90 Sep/19 14277
France -5551.00 Sep/19 -5436
Germany 21138.00 Sep/19 16448
India -11010.00 Oct/19 -10860
Indonesia 161.30 Oct/19 -164
Italy 2779.30 Sep/19 2598
Japan 17.30 Oct/19 -125
Mexico -116.00 Sep/19 775
Netherlands 5310.00 Sep/19 3807
Russia 14150.00 Sep/19 12010
Saudi Arabia 127500.00 Jun/19 131654
Singapore 3783.84 Oct/19 3832
South Africa 5164.38 Sep/19 4542
South Korea 5393.00 Oct/19 5982
Spain -3984900.00 Aug/19 -2486462
Switzerland 2389.21 Oct/19 3046
Turkey -2055.51 Sep/19 -2518
United Kingdom -3360.00 Sep/19 -1760
United States -52450.00 Sep/19 -55036


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