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Laos

Laos ranked No. 153 in total trade value through August with a total of $114.28 million. Exports totaled $10.14 million and Imports totaled $104.13 million, a deficit of $93.99 million.

January – August 2019

Top Trading Ports

Total Trade: $114.28 million

RankPortTotal YTD
1Otay Mesa Freeway Border Crossing, Calif. $35,967,457
2Port of Los Angeles $10,511,845
3Port of Tacoma, Wash. $9,034,709
4Port of Baltimore, Md. $6,868,456
5Port of Corpus Christi, Texas $5,901,500
6Los Angeles International Airport $5,260,478
7John F. Kennedy International Airport $5,105,510
8Port of New Orleans $4,784,110
9Port of Houston $4,113,392
10Port of Newark $3,931,194

U.S. trade with Laos rose to $114.28 million through August

Laos’s trade with the United States rose to $114.28 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 15.98 percent above its total trade during the same time period last year. U.S. exports to Laos decreased 3.83 percent while U.S. imports from Laos rose 18.35 percent. The U.S. deficit with Laos was $93.99 million.

Through August, 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 Los Angeles; No. 3 Port of Tacoma, Wash.; No. 4 Port of Baltimore, Md.; and No. 5 Port of Corpus Christi, Texas. 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 San Francisco International Airport, Calif. No. 4 John F. Kennedy International Airport and No. 5 Port of Baltimore, Md.. In the current time period, the top five accounted for 59.75 percent of Laos’s U.S. trade.

Among those top five:

  • Trade with No. 1 Otay Mesa Freeway Border Crossing, Calif. totaled $35.97 million.
    There were no exports. Imports totaled $35.97 million.
  • Trade with No. 2 Port of Los Angeles fell 58.7 percent to $10.51 million.
    Exports fell 23.89 percent to $975,202. Imports fell 60.54 percent to $9.54 million.
  • Trade with No. 3 Port of Tacoma, Wash. rose 70.22 percent to $9.03 million.
    Exports fell 53.4 percent to $183,447. Imports rose 80.12 percent to $8.85 million.
  • Trade with No. 4 Port of Baltimore, Md. fell 11.91 percent to $6.87 million.
    Exports fell 48.82 percent to $704,808. Imports fell 3.99 percent to $6.16 million.
  • Trade with No. 5 Port of Corpus Christi, Texas totaled $5.9 million.
    There were no exports. Imports totaled $5.9 million.

Laos ranked No. 153 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 $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Laos by value through August were the categories of Diamonds, not mounted; Misc. medical chemical re-agents; Motor vehicles for transporting people; Misc. petroluem resins, polysulfides; and Raw tobacco, respectively. They accounted for 37.46 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, carbonate; Hydrogen, raw gases; Misc. iron and steel articles; and Leather shoes –– accounted for 69.67 percent of all inbound shipments.

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

  • Diamonds, not mounted rose 3.5 percent compared to last year to $1.01 million.
  • Misc. medical chemical re-agents rose 1614.18 percent compared to last year to $768,071.
  • Motor vehicles for transporting people fell 72.41 percent compared to last year to $704,808.
  • Misc. petroluem resins, polysulfides rose 169.27 percent compared to last year to $703,296.
  • Raw tobacco rose 107.15 percent compared to last year to $615,148.

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

  • Cell phones, related equipment fell 2.96 percent compared to last year to $44.51 million.
  • Natural barium sulfate, carbonate totaled $13.14 million. The previous year, there were no imports in this category.
  • Hydrogen, raw gases fell 11.58 percent compared to last year to $5.36 million.
  • Misc. iron and steel articles fell 24.04 percent compared to last year to $4.9 million.
  • Leather shoes rose 75.07 percent compared to last year to $4.65 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.