The Lao foreign trade in May 2024 was valued at USD 1,116 million.
The value of import and export (excluding electricity) of Lao PDR in May 2024 reached USD 1,116 million, decreased by 0.5% compared to April 2024. In which export was USD 483 million, which increased by 4% and import was USD 634 million, decreased by 4%. The top five export commodities were salt, mixed gold, copper ore, cassava and sugar, while the top five import commodities were diesel, land vehicles, mechanical equipment, steel and plastic products.
(Source: Department of Customs, Ministry of Finance)
The main export category
The total export value was approximately USD 483 million, increased by 4% compared to April 2024. The main value exports included: USD 46 million in salt, USD 38 million in copper ore, USD 33 million in mixed gold and bullion, USD 24 million in sugar, USD 20 million in beverage, USD 19 million in rubber, USD 17 million in cassava flour, USD 17 million in bananas, USD 16 million in cassava and USD 12 million in iron ore.
The main import category
The total import value was approximately USD 634 million, decreased by 4% compared to April 2024. The main value imports included: USD 91 million in diesel, USD 57 million in Mechanical equipment (other than vehicle mechanics), USD 54 million in land vehicles (except motorcycles, and tractors), USD 41 million in steel and steel products, USD 28 million in electrical appliances and equipment, USD 24 million in finished chemical products, USD 22 million in gasoline, USD 19 million in vehicle spare parts (including tires, mirrors, chains...), and USD 5 million in Aluminum products.
The five main exporting countries of Lao PDR
China (USD 184 million), Thailand (USD 107 million), Vietnam (USD 104 million), USA (USD 20 million), and Switzerland (USD 18 million).
The five main importing countries of the Lao PDR
Thailand (USD 267 million), China (USD 252 million), Vietnam (USD 34 million), USA (USD 18 million), and Japan (USD 10 million).
The value of import and export of Lao PDR for May 2024 does not include electricity. We will show when it is available.
Please share your feedback below and help us improve our content.