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Laos

Laos ranked No. 144 in total trade value through February with a total of $36.02 million. Exports totaled $3.49 million and Imports totaled $32.52 million, a deficit of $29.03 million.

January – February 2019

Top Trading Ports

Total Trade: $36.02 million

RankPortTotal YTD
1Otay Mesa Freeway Border Crossing, Calif. $8,975,454
2Port of Corpus Christi, Texas $5,901,500
3Port of Houston $3,797,980
4Port of Baltimore, Md. $3,233,467
5Port of Los Angeles $3,028,349
6John F. Kennedy International Airport $1,864,863
7Port of Tacoma, Wash. $1,531,777
8Los Angeles International Airport $1,330,372
9Port of Newark $1,092,123
10San Francisco International Airport, Calif. $978,805

U.S. trade with Laos rose to $36.02 million through February

Laos’s trade with the United States rose to $36.02 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 51.96 percent above its total trade during the same time period last year. Laos’s exports increased 38.04 percent while imports rose 53.62 percent. The U.S. deficit with Laos was $29.03 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Otay Mesa Freeway Border Crossing, Calif.; No. 2 Port of Corpus Christi, Texas; No. 3 Port of Houston; No. 4 Port of Baltimore, Md.; and No. 5 Port of Los Angeles. During the same period the previous year, the top five were No. 1 Port of Los Angeles No. 2 Port of Oakland, Calif. No. 3 Port of Baltimore, Md. No. 4 San Francisco International Airport, Calif. and No. 5 Port of Tacoma, Wash.. In the current time period, the top five accounted for 69.24 percent of Laos’s U.S. trade.

Among those top five:

  • Trade with No. 1 Otay Mesa Freeway Border Crossing, Calif. totaled $8.98 million.
    There were no exports. Imports totaled $8.98 million.
  • Trade with No. 2 Port of Corpus Christi, Texas totaled $5.9 million.
    There were no exports. Imports totaled $5.9 million.
  • Trade with No. 3 Port of Houston rose 798.92 percent to $3.8 million.
    Exports fell 31.42 percent to $258,945. Imports rose 7779.05 percent to $3.54 million.
  • Trade with No. 4 Port of Baltimore, Md. rose 32.18 percent to $3.23 million.
    Exports rose 1081.08 percent to $529,147. Imports rose 12.61 percent to $2.7 million.
  • Trade with No. 5 Port of Los Angeles fell 41.8 percent to $3.03 million.
    Exports rose 1244.02 percent to $291,168. Imports fell 47.18 percent to $2.74 million.

Laos ranked No. 144 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 156.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Laos by value through February were the categories of Misc. medical chemical re-agents; Motor vehicles for transporting people; Diamonds, not mounted; Misc. petroluem resins, polysulfides; and Activated carbon, related products, respectively. They accounted for 60.86 percent of total exports to Laos.

The value of the top five categories of U.S. imports from Laos –– Cell phones, related equipment; Natural Barium Sulfate; Nat Barium Carbonate 2511; Hydrogen, raw gases; Diamonds, not mounted; and Misc. iron and steel articles –– accounted for 83.54 percent of all inbound shipments.

Looking more closely at U.S. exports to Laos:

  • Misc. medical chemical re-agents rose 3971.03 percent compared to last year to $748,500.
  • Motor vehicles for transporting people rose 26.92 percent compared to last year to $529,147.
  • Diamonds, not mounted rose 125.04 percent compared to last year to $363,968.
  • Misc. petroluem resins, polysulfides totaled $274,560. The previous year, there were no exports in this category.
  • Activated carbon, related products rose 969.22 percent compared to last year to $208,498.

Looking more closely at U.S. imports from Laos:

  • Cell phones, related equipment rose 12.72 percent compared to last year to $11.96 million.
  • Natural Barium Sulfate; Nat Barium Carbonate 2511 totaled $9.33 million. The previous year, there were no imports in this category.
  • Hydrogen, raw gases rose 46.07 percent compared to last year to $2.75 million.
  • Diamonds, not mounted fell 23.12 percent compared to last year to $1.59 million.
  • Misc. iron and steel articles rose 16.32 percent compared to last year to $1.54 million.

In the latest annual figures available, Laos recorded $121.96 million in trade with the United States. At year’s end, its were Los Angeles; San Francisco; New York City; Portland/Columbia-Snake River; and Cleveland. Total U.S. exports to Laos were $ 25.67 million and imports from Laos were $96.29 million. The U.S. deficit with Laos was $70.62 million.