Laos

Laos ranked No. 156 in total trade value through May with a total of $51.01 million. Exports totaled $13.56 million and Imports totaled $37.45 million, a deficit of $23.89 million.

U.S. trade with Laos rose to $41.34 million through May

Laos’s trade with the United States rose to $41.34 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 29.91 percent below its total trade during the same time period last year. U.S. exports to Laos increased 29.8 percent while U.S. imports from Laos fell 36.82 percent. The U.S. deficit with Laos was $25.46 million.

Through May, 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 Long Beach; No. 3 Port of Tacoma, Wash.; No. 4 Anchorage International Airport, Alaska; and No. 5 Port of Baltimore, Md.. During the same period the previous year, the top five were No. 1 Otay Mesa Freeway Border Crossing, Calif.; No. 2 Port of Baltimore, Md.; No. 3 Port of Corpus Christi, Texas; No. 4 Port of Los Angeles and No. 5 Port of Tacoma, Wash.. In the current time period, the top five accounted for 57.66 percent of Laos’s U.S. trade.

Among those top five:

  • Trade with No. 1 Otay Mesa Freeway Border Crossing, Calif. fell 61.78 percent to $8.78 million.
    There were no exports. Imports fell 61.78 percent to $8.78 million.
  • Trade with No. 2 Port of Long Beach rose 452.86 percent to $6.42 million.
    Exports rose 278.3 percent to $781,610. Imports rose 490.65 percent to $5.64 million.
  • Trade with No. 3 Port of Tacoma, Wash. rose 5.52 percent to $5.61 million.
    There were no exports. Imports rose 6.55 percent to $5.61 million.
  • Trade with No. 4 Anchorage International Airport, Alaska rose 3031.5 percent to $4.86 million.
    Exports rose 5827.6 percent to $4.83 million. Imports fell 65.49 percent to $25,397.
  • Trade with No. 5 Port of Baltimore, Md. fell 45.4 percent to $3.73 million.
    Exports fell 97.81 percent to $15,419. Imports fell 39.38 percent to $3.72 million.

Laos ranked No. 156 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 154.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Laos by value through May were the categories of Civilian aircraft, parts; Paper, paperboard scrap; Rice; Passenger vehicles; and Misc. petroluem resins, polysulfides, respectively. They accounted for 67.45 percent of total exports to Laos.

The value of the top five categories of U.S. imports from Laos –– Cell phones, related equipment; Coffee; Leather shoes; Optical fibers; and Hydrogen, raw gases –– accounted for 70.56 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 13300 percent compared to last year to $4.83 million.
  • Paper, paperboard scrap totaled $1.81 million. The previous year, there were no exports in this category.
  • Rice rose 388.8 percent compared to last year to $1.03 million.
  • Passenger vehicles rose 45.43 percent compared to last year to $1.03 million.
  • Misc. petroluem resins, polysulfides fell 12.43 percent compared to last year to $448,800.

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

  • Cell phones, related equipment fell 44.2 percent compared to last year to $15.32 million.
  • Coffee rose 22.93 percent compared to last year to $3.1 million.
  • Leather shoes rose 10.67 percent compared to last year to $3.04 million.
  • Optical fibers rose 79.6 percent compared to last year to $2.59 million.
  • Hydrogen, raw gases fell 55.67 percent compared to last year to $2.38 million.

In the latest annual figures available, Laos recorded $165.36 million in trade with the United States. Total U.S. exports to Laos were $ 17.07 million and imports from Laos were $148.29 million. The U.S. deficit with Laos was $131.22 million.