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Laos

Laos ranked No. 157 in total trade value through October with a total of $124.52 million. Exports totaled $12.53 million and Imports totaled $111.99 million, a deficit of $99.46 million.

January – October 2018

Top Trading Ports

Total Trade: $124.52 million

RankPortTotal YTD
1Port of Los Angeles $30,822,756
2Port of Oakland, Calif. $17,441,247
3San Francisco International Airport, Calif. $10,196,255
4John F. Kennedy International Airport $10,077,213
5Port of Baltimore, Md. $8,191,340
6Port of Tacoma, Wash. $6,922,650
7Port of Newark $6,473,758
8Chicago O’Hare International Airport $5,998,843
9Los Angeles International Airport $5,241,653
10Port of Long Beach $3,424,550

U.S. trade with Laos rose to $124.52 million through October

Laos’s trade with the United States rose to $124.52 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 21.6 percent above its total trade during the same time period last year. Laos’s exports decreased 45.39 percent while imports rose 40.94 percent. The U.S. deficit with Laos was $99.46 million.

Through October, the top five among the nation’s airports, seaports and border crossings 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.. 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 Los Angeles International Airport No. 4 Port of New York and No. 5 Port of Newark. In the current time period, the top five accounted for 61.62 percent of Laos’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles fell 2.6 percent to $30.82 million.
    Exports fell 52.4 percent to $1.47 million. Imports rose 2.78 percent to $29.36 million.
  • Trade with No. 2 Port of Oakland, Calif. rose 7.98 percent to $17.44 million.
    Exports fell 71.71 percent to $60,229. Imports rose 9.04 percent to $17.38 million.
  • Trade with No. 3 San Francisco International Airport, Calif. rose 225.78 percent to $10.2 million.
    Exports fell 8.35 percent to $175,590. Imports rose 241.05 percent to $10.02 million.
  • Trade with No. 4 John F. Kennedy International Airport rose 85.06 percent to $10.08 million.
    Exports fell 69.96 percent to $57,865. Imports rose 90.75 percent to $10.02 million.
  • Trade with No. 5 Port of Baltimore, Md. rose 1928.13 percent to $8.19 million.
    Exports rose 328.05 percent to $1.65 million. Imports rose 33508 percent to $6.55 million.

Laos ranked No. 157 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 162.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Laos by value through October were the categories of Motor vehicles for transporting people; Diamonds, not mounted; Prepared glues and adhesives; Rice; and Misc. petroluem resins, polysulfides, respectively. They accounted for 48.5 percent of total exports to Laos.

The value of the top five categories of U.S. imports from Laos –– Cell phones, related equipment; Diamonds, not mounted; Misc. iron and steel articles; Hydrogen, raw gases; and Leather shoes –– accounted for 78.03 percent of all inbound shipments.

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

  • Motor vehicles for transporting people rose 53.58 percent compared to last year to $2.91 million.
  • Diamonds, not mounted fell 66.64 percent compared to last year to $1.28 million.
  • Prepared glues and adhesives rose 828.73 percent compared to last year to $748,746.
  • Rice rose 302.48 percent compared to last year to $610,391.
  • Misc. petroluem resins, polysulfides rose 14.74 percent compared to last year to $534,336.

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

  • Cell phones, related equipment rose 28.21 percent compared to last year to $59.56 million.
  • Diamonds, not mounted rose 96.23 percent compared to last year to $9.7 million.
  • Misc. iron and steel articles rose 85.74 percent compared to last year to $8.12 million.
  • Hydrogen, raw gases totaled $6.16 million. The previous year, there were no imports in this category.
  • Leather shoes rose 73.5 percent compared to last year to $3.84 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.