US trade with Laos in the 2nd quarter of 2017

Published or Updated: Sep 01, 2017

The report on US foreign trade in goods with Laos in the 2nd quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Laos

In the 2nd quarter of 2017, US trade with Laos totaled $31.0 million, up 50.65% ($10.4 million) from the 2nd quarter of 2016.

US exports to Laos in the 2nd quarter of 2017 totaled $6.1 million, up 8.61% ($0.5 million) from the 2nd quarter of 2016.

US imports from Laos in the 2nd quarter of 2017 totaled $24.9 million, up 66.57% ($9.9 million) from the 2nd quarter of 2016.

US trade deficit with Laos in the 2nd quarter of 2017 was $18.7 million, a 101.89% increase ($9.5 million) over the 2nd quarter of 2016.

Laos was the US 156th largest trading partner in the 2nd quarter of 2017 (up from 165th in the 2nd quarter of 2016), accounting for 0.0031% of US total trade (up from 0.0022% in the 2nd quarter of 2016).

Laos was the US 173rd largest export market in the 2nd quarter of 2017 (up from 178th in the 2nd quarter of 2016), accounting for 0.0016% of US total exports (just as in the 2nd quarter of 2016).

Laos was the US 125th largest supplier in the 2nd quarter of 2017 (up from 133rd in the 2nd quarter of 2016), accounting for 0.0041% of US total imports (up from 0.0027% in the 2nd quarter of 2016).

US Exports to Laos

The major share of US exports to Laos in the 2nd quarter of 2017 (and in the 2nd quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 69.07% of US total exports to Laos (30.60% in the 2nd quarter of 2016);
  • Precious metals and stones (HS code 71) - 16.35% of US total exports to Laos (16.26% in the 2nd quarter of 2016);
  • Chemical products (HS codes 28-40) - 7.33% of US total exports to Laos (2.44% in the 2nd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 2.04% of US total exports to Laos (0.49% in the 2nd quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.66% of US total exports to Laos (43.66% in the 2nd quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 0.44% of US total exports to Laos (2.09% in the 2nd quarter of 2016).

The largest gains in US exports to Laos in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $2,754.1 thousand;
  • Plastics and articles thereof (HS code 39) - an increase of $103.6 thousand;
  • Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use (HS code 59) - an increase of $102.2 thousand;
  • Other base metals; cermets; articles thereof (HS code 81) - an increase of $96.5 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $93.9 thousand;
  • Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin (HS code 71) - an increase of $85.0 thousand;
  • Organic chemicals (HS code 29) - an increase of $81.8 thousand;
  • Albuminoidal substances; modified starches; glues; enzymes (HS code 35) - an increase of $76.8 thousand;
  • Arms and ammunition; parts and accessories thereof (HS code 93) - an increase of $43.9 thousand;
  • Edible vegetables and certain roots and tubers (HS code 07) - an increase of $26.9 thousand;
  • Fertilizers (HS code 31) - an increase of $25.6 thousand;
  • Rubber and articles thereof (HS code 40) - an increase of $23.6 thousand.

The largest declines in US exports to Laos in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Man-made staple fibers (HS code 55) - a decrease of $2,409.2 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $139.2 thousand;
  • Toys, games and sports requisites; parts and accessories thereof (HS code 95) - a decrease of $122.0 thousand;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - a decrease of $101.4 thousand;
  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - a decrease of $94.0 thousand;
  • Beverages, spirits and vinegar (HS code 22) - a decrease of $82.7 thousand;
  • Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery (HS code 58) - a decrease of $54.4 thousand;
  • Pharmaceutical products (HS code 30) - a decrease of $31.5 thousand;
  • Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included (HS code 04) - a decrease of $29.5 thousand.
US exports to Laos in the 2nd quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q2 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q2 2016
(USD thousand)
Change
in Q2 2017
over Q2 2016
(%)
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 0.0 0.00 29.5-100.00
07 Edible vegetables and certain roots and tubers 26.9 0.44 0.0
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 0.0 0.00 6.3-100.00
22 Beverages, spirits and vinegar 0.0 0.00 82.7-100.00
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 2.6 0.04 18.5-86.02
29 Organic chemicals 105.1 1.71 23.3351.22
30 Pharmaceutical products 6.5 0.11 38.0-82.88
31 Fertilizers 25.6 0.42 0.0
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 0.0 0.00 3.6-100.00
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 8.3 0.13 3.3152.07
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 16.5 0.27 0.0
35 Albuminoidal substances; modified starches; glues; enzymes 80.6 1.31 3.82,021.58
38 Miscellaneous chemical products 51.1 0.83 36.241.06
39 Plastics and articles thereof 106.2 1.73 2.64,043.95
40 Rubber and articles thereof 51.0 0.83 27.486.42
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 18.0 0.29 0.0
55 Man-made staple fibers 0.0 0.00 2,409.2-100.00
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 0.0 0.00 3.4-100.00
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 0.0 0.00 54.4-100.00
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 102.2 1.66 0.0
60 Knitted or crocheted fabrics 0.0 0.00 3.4-100.00
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 1,005.2 16.35 920.29.24
73 Articles of iron or steel 19.6 0.32 15.229.05
81 Other base metals; cermets; articles thereof 96.5 1.57 0.0
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 9.3 0.15 12.7-27.17
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 3,355.2 54.59 601.1458.17
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 133.0 2.16 227.0-41.39
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 559.6 9.10 465.620.17
88 Aircraft, spacecraft, and parts thereof 113.5 1.85 214.9-47.17
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 83.8 1.36 223.0-62.41
93 Arms and ammunition; parts and accessories thereof 43.9 0.71 0.0
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 5.5 0.09 5.51.10
95 Toys, games and sports requisites; parts and accessories thereof 3.5 0.06 125.6-97.17
96 Miscellaneous manufactured articles 12.1 0.20 19.8-38.78

US Imports from Laos

The major share of US imports from Laos in the 2nd quarter of 2017 (and in the 2nd quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 57.18% of US total imports from Laos (2.13% in the 2nd quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 13.46% of US total imports from Laos (12.32% in the 2nd quarter of 2016);
  • Precious metals and stones (HS code 71) - 11.73% of US total imports from Laos (40.10% in the 2nd quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 6.50% of US total imports from Laos (11.74% in the 2nd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 4.83% of US total imports from Laos (10.87% in the 2nd quarter of 2016);
  • Chemical products (HS codes 28-40) - 1.14% of US total imports from Laos (21.57% in the 2nd quarter of 2016).

The largest gains in US imports from Laos in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $13,489.8 thousand;
  • Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - an increase of $671.4 thousand;
  • Footwear, gaiters and the like; parts of such articles (HS code 64) - an increase of $590.2 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $234.1 thousand;
  • Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - an increase of $211.6 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $192.3 thousand.

The largest declines in US imports from Laos in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin (HS code 71) - a decrease of $3,072.0 thousand;
  • Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes (HS code 28) - a decrease of $2,656.9 thousand;
  • Articles of iron or steel (HS code 73) - a decrease of $421.1 thousand;
  • Plastics and articles thereof (HS code 39) - a decrease of $233.5 thousand;
  • Coffee, tea, maté and spices (HS code 09) - a decrease of $200.7 thousand.
US imports from Laos in the 2nd quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q2 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q2 2016
(USD thousand)
Change
in Q2 2017
over Q2 2016
(%)
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 69.9 0.28 0.0
09 Coffee, tea, maté and spices 1,452.4 5.83 1,653.0-12.14
10 Cereals 0.0 0.00 18.4-100.00
13 Lac; gums, resins and other vegetable saps and extracts 36.0 0.14 15.7129.30
22 Beverages, spirits and vinegar 61.1 0.25 67.5-9.51
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 20.8 0.08 2,677.6-99.23
31 Fertilizers 0.0 0.00 48.5-100.00
39 Plastics and articles thereof 263.8 1.06 497.3-46.96
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 31.6 0.13 21.447.79
44 Wood and articles of wood; wood charcoal 44.9 0.18 28.259.03
50 Silk 6.5 0.03 4.161.19
52 Cotton 0.6 0.00 0.0
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 29.0 0.12 0.0
60 Knitted or crocheted fabrics 0.0 0.00 2.6-100.00
61 Articles of apparel and clothing accessories, knitted or crocheted 1,636.3 6.57 1,424.714.86
62 Articles of apparel and clothing accessories, not knitted or crocheted 827.7 3.32 156.3429.65
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 7.4 0.03 0.32,497.89
64 Footwear, gaiters and the like; parts of such articles 843.2 3.39 253.0233.33
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 2,921.0 11.73 5,993.0-51.26
73 Articles of iron or steel 1,202.7 4.83 1,623.9-25.93
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 192.3 0.77 0.0
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 13,489.8 54.19 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 551.7 2.22 317.673.70
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 35.3 0.14 7.9344.55
96 Miscellaneous manufactured articles 19.1 0.08 23.7-19.23
97 Works of art, collectors’ pieces and antiques 12.5 0.05 0.0
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce