US trade with Laos in the 1st quarter of 2017

Published or Updated: Aug 07, 2017

The report on US foreign trade in goods with Laos in the 1st quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Laos

In the 1st quarter of 2017, US trade with Laos totaled $32.6 million, up 69.10% ($13.3 million) from the 1st quarter of 2016.

US exports to Laos in the 1st quarter of 2017 totaled $8.4 million, up 51.31% ($2.8 million) from the 1st quarter of 2016.

US imports from Laos in the 1st quarter of 2017 totaled $24.3 million, up 76.26% ($10.5 million) from the 1st quarter of 2016.

US trade deficit with Laos in the 1st quarter of 2017 was $15.9 million, a 93.04% increase ($7.7 million) over the 1st quarter of 2016.

Laos was the US 153rd largest trading partner in the 1st quarter of 2017 (up from 161st in the 1st quarter of 2016), accounting for 0.0035% of US total trade (up from 0.0022% in the 1st quarter of 2016).

Laos was the US 171st largest export market in the 1st quarter of 2017 (up from 177th in the 1st quarter of 2016), accounting for 0.0022% of US total exports (up from 0.0016% in the 1st quarter of 2016).

Laos was the US 120th largest supplier in the 1st quarter of 2017 (up from 131st in the 1st quarter of 2016), accounting for 0.0043% of US total imports (up from 0.0026% in the 1st quarter of 2016).

US Exports to Laos

The major share of US exports to Laos in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 67.50% of US total exports to Laos (45.02% in the 1st quarter of 2016);
  • Precious metals and stones (HS code 71) - 16.03% of US total exports to Laos (32.96% in the 1st quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 6.38% of US total exports to Laos (4.95% in the 1st quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 4.63% of US total exports to Laos (5.34% in the 1st quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 0.58% of US total exports to Laos (2.73% in the 1st quarter of 2016);
  • Chemical products (HS codes 28-40) - 0.27% of US total exports to Laos (3.78% in the 1st quarter of 2016).

The largest gains in US exports to Laos in the 1st quarter of 2017 over the 1st 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 $3,373.7 thousand;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $241.9 thousand;
  • Cereals (HS code 10) - an increase of $151.7 thousand;
  • Man-made staple fibers (HS code 55) - an increase of $142.1 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $138.3 thousand;
  • Cotton (HS code 52) - an increase of $118.3 thousand;
  • Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - an increase of $111.6 thousand;
  • Toys, games and sports requisites; parts and accessories thereof (HS code 95) - an increase of $65.9 thousand;
  • Arms and ammunition; parts and accessories thereof (HS code 93) - an increase of $43.9 thousand;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $35.2 thousand;
  • Edible vegetables and certain roots and tubers (HS code 07) - an increase of $27.0 thousand.

The largest declines in US exports to Laos in the 1st quarter of 2017 over the 1st 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) - a decrease of $514.0 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) - a decrease of $481.4 thousand;
  • Residues and waste from the food industries; prepared animal feed (HS code 23) - a decrease of $146.8 thousand;
  • Other base metals; cermets; articles thereof (HS code 81) - a decrease of $103.1 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $78.4 thousand;
  • Lac; gums, resins and other vegetable saps and extracts (HS code 13) - a decrease of $74.3 thousand;
  • Organic chemicals (HS code 29) - a decrease of $72.1 thousand;
  • Plastics and articles thereof (HS code 39) - a decrease of $59.2 thousand;
  • Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - a decrease of $37.0 thousand;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $33.2 thousand;
  • Pharmaceutical products (HS code 30) - a decrease of $30.7 thousand.
US exports to Laos in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q1 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q1 2016
(USD thousand)
Change
in Q1 2017
over Q1 2016
(%)
07 Edible vegetables and certain roots and tubers 27.0 0.32 0.0
09 Coffee, tea, maté and spices 0.0 0.00 20.5-100.00
10 Cereals 151.7 1.81 0.0
13 Lac; gums, resins and other vegetable saps and extracts 0.0 0.00 74.3-100.00
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 111.6 1.33 0.0
21 Miscellaneous edible preparations 8.2 0.10 0.0
22 Beverages, spirits and vinegar 89.3 1.07 54.264.89
23 Residues and waste from the food industries; prepared animal feed 0.0 0.00 146.8-100.00
26 Ores, slag and ash 3.1 0.04 0.0
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 0.0 0.00 33.2-100.00
29 Organic chemicals 0.0 0.00 72.1-100.00
30 Pharmaceutical products 0.0 0.00 30.7-100.00
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 9.3 0.11 3.8145.29
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 0.0 0.00 10.6-100.00
38 Miscellaneous chemical products 4.7 0.06 11.6-59.39
39 Plastics and articles thereof 5.5 0.07 64.7-91.56
40 Rubber and articles thereof 2.9 0.03 15.9-81.82
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 0.0 0.00 37.0-100.00
52 Cotton 118.3 1.41 0.0
55 Man-made staple fibers 415.9 4.97 273.851.88
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 1,342.9 16.03 1,824.3-26.39
73 Articles of iron or steel 0.0 0.00 7.8-100.00
75 Nickel and articles thereof 6.7 0.08 0.0
81 Other base metals; cermets; articles thereof 0.0 0.00 103.1-100.00
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 3.7 0.04 19.5-81.14
83 Miscellaneous articles of base metal 38.5 0.46 20.884.75
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 4,177.9 49.88 804.2419.54
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 153.3 1.83 667.4-77.02
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 622.5 7.43 700.9-11.19
88 Aircraft, spacecraft, and parts thereof 368.9 4.40 127.1190.36
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 331.1 3.95 192.971.69
91 Clocks and watches and parts thereof 0.0 0.00 3.3-100.00
93 Arms and ammunition; parts and accessories thereof 43.9 0.52 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 4.9 0.06 0.0
95 Toys, games and sports requisites; parts and accessories thereof 199.5 2.38 133.749.26

US Imports from Laos

The major share of US imports from Laos in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 68.53% of US total imports from Laos (5.29% in the 1st quarter of 2016);
  • Precious metals and stones (HS code 71) - 10.65% of US total imports from Laos (36.08% in the 1st quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 10.11% of US total imports from Laos (13.07% in the 1st quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 5.79% of US total imports from Laos (7.89% in the 1st quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 3.02% of US total imports from Laos (9.62% in the 1st quarter of 2016);
  • Chemical products (HS codes 28-40) - 1.21% of US total imports from Laos (25.17% in the 1st quarter of 2016).

The largest gains in US imports from Laos in the 1st quarter of 2017 over the 1st 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 $15,612.5 thousand;
  • Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - an increase of $411.2 thousand;
  • Footwear, gaiters and the like; parts of such articles (HS code 64) - an increase of $322.3 thousand;
  • Articles of iron or steel (HS code 73) - an increase of $319.7 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $240.1 thousand.

The largest declines in US imports from Laos in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • 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 $2,673.9 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) - a decrease of $2,383.3 thousand;
  • Coffee, tea, maté and spices (HS code 09) - a decrease of $543.9 thousand;
  • Plastics and articles thereof (HS code 39) - a decrease of $505.1 thousand;
  • Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - a decrease of $105.4 thousand;
  • Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $78.3 thousand.
US imports from Laos in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q1 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q1 2016
(USD thousand)
Change
in Q1 2017
over Q1 2016
(%)
09 Coffee, tea, maté and spices 682.9 2.81 1,226.8-44.33
10 Cereals 0.0 0.00 36.4-100.00
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 5.6 0.02 0.0
21 Miscellaneous edible preparations 0.0 0.00 27.5-100.00
22 Beverages, spirits and vinegar 45.5 0.19 33.834.50
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 0.0 0.00 2,673.9-100.00
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 6.8 0.03 0.0
39 Plastics and articles thereof 286.9 1.18 792.0-63.77
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 18.0 0.07 14.722.67
44 Wood and articles of wood; wood charcoal 0.0 0.00 78.3-100.00
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 5.2 0.02 0.0
50 Silk 1.8 0.01 5.0-64.16
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 28.5 0.12 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 1,101.9 4.54 1,207.3-8.73
62 Articles of apparel and clothing accessories, not knitted or crocheted 932.5 3.84 521.278.89
64 Footwear, gaiters and the like; parts of such articles 388.4 1.60 66.1487.77
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 2,585.0 10.65 4,968.3-47.97
73 Articles of iron or steel 1,405.5 5.79 1,085.829.44
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 48.6 0.20 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 15,940.2 65.68 327.74,764.48
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 641.1 2.64 401.059.88
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 11.3 0.05 12.1-7.02
96 Miscellaneous manufactured articles 16.0 0.07 6.7137.50
97 Works of art, collectors’ pieces and antiques 11.3 0.05 68.5-83.52
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce