US trade with Laos in the 3rd quarter of 2017

Published or Updated: Mar 31, 2018

The report on US foreign trade in goods with Laos in the 3rd quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Laos

In the 3rd quarter of 2017, US trade with Laos totaled $26.7 million, up 38.83% ($7.5 million) from the 3rd quarter of 2016.

US exports to Laos in the 3rd quarter of 2017 were $3.7 million, down 57.41% ($5.0 million) from the 3rd quarter of 2016.

US imports from Laos in the 3rd quarter of 2017 totaled $23.0 million, up 119.45% ($12.5 million) from the 3rd quarter of 2016.

US trade deficit with Laos in the 3rd quarter of 2017 was $19.2 million, a 1,032.13% increase ($17.5 million) over the 3rd quarter of 2016.

Laos was the US 161st largest trading partner in the 3rd quarter of 2017 (up from 163rd in the 3rd quarter of 2016), accounting for 0.0027% of US total trade (up from 0.0023% in the 3rd quarter of 2016).

Laos was the US 181st largest export market in the 3rd quarter of 2017 (down from 167th in the 3rd quarter of 2016), accounting for 0.0010% of US total exports (down from 0.0025% in the 3rd quarter of 2016).

Laos was the US 124th largest supplier in the 3rd quarter of 2017 (up from 142nd in the 3rd quarter of 2016), accounting for 0.0038% of US total imports (up from 0.0022% in the 3rd quarter of 2016).

US Exports to Laos

The major share of US exports to Laos in the 3rd quarter of 2017 (and in the 3rd quarter of 2016) was accounted for the following product types:

  • Precious metals and stones (HS code 71) - 42.64% of US total exports to Laos (19.80% in the 3rd quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 39.63% of US total exports to Laos (12.55% in the 3rd quarter of 2016);
  • Chemical products (HS codes 28-40) - 5.10% of US total exports to Laos (0.82% in the 3rd quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 4.33% of US total exports to Laos (3.23% in the 3rd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 2.14% of US total exports to Laos (0.09% in the 3rd quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 0.16% of US total exports to Laos (59.96% in the 3rd quarter of 2016).

The largest gains in US exports to Laos in the 3rd quarter of 2017 over the 3rd quarter of 2016 were recorded for the following product groups:

  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $848.6 thousand;
  • Plastics and articles thereof (HS code 39) - an increase of $106.7 thousand;
  • Miscellaneous edible preparations (HS code 21) - an increase of $83.1 thousand;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $78.7 thousand;
  • Other base metals; cermets; articles thereof (HS code 81) - an increase of $71.1 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $41.5 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) - an increase of $32.0 thousand;
  • Miscellaneous chemical products (HS code 38) - an increase of $31.6 thousand;
  • 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 (HS code 94) - an increase of $24.1 thousand;
  • Toys, games and sports requisites; parts and accessories thereof (HS code 95) - an increase of $13.6 thousand.

The largest declines in US exports to Laos in the 3rd quarter of 2017 over the 3rd quarter of 2016 were recorded for the following product groups:

  • Man-made staple fibers (HS code 55) - a decrease of $5,129.4 thousand;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - a decrease of $456.5 thousand;
  • Cereals (HS code 10) - a decrease of $148.9 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 $143.5 thousand;
  • Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery (HS code 58) - a decrease of $104.5 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $86.5 thousand;
  • Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - a decrease of $82.2 thousand;
  • Residues and waste from the food industries; prepared animal feed (HS code 23) - a decrease of $51.9 thousand;
  • Rubber and articles thereof (HS code 40) - a decrease of $25.2 thousand;
  • Miscellaneous manufactured articles (HS code 96) - a decrease of $19.8 thousand;
  • Knitted or crocheted fabrics (HS code 60) - a decrease of $17.8 thousand.
US exports to Laos in the 3rd quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q3 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q3 2016
(USD thousand)
Change
in Q3 2017
over Q3 2016
(%)
10 Cereals 0.0 0.00 148.9-100.00
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 0.0 0.00 82.2-100.00
21 Miscellaneous edible preparations 83.1 2.23 0.0
22 Beverages, spirits and vinegar 78.7 2.11 0.0
23 Residues and waste from the food industries; prepared animal feed 0.0 0.00 51.9-100.00
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 0.0 0.00 5.1-100.00
30 Pharmaceutical products 18.5 0.50 18.12.41
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 11.2 0.30 6.184.96
38 Miscellaneous chemical products 35.2 0.94 3.6890.71
39 Plastics and articles thereof 112.8 3.02 6.21,733.47
40 Rubber and articles thereof 12.6 0.34 37.8-66.68
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 3.0 0.08 0.0
55 Man-made staple fibers 0.0 0.00 5,129.4-100.00
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 0.0 0.00 104.5-100.00
60 Knitted or crocheted fabrics 0.0 0.00 17.8-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 0.0 0.00 3.3-100.00
64 Footwear, gaiters and the like; parts of such articles 6.0 0.16 0.0
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 1,591.5 42.64 1,735.0-8.27
81 Other base metals; cermets; articles thereof 71.1 1.90 0.0
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 8.9 0.24 4.979.26
83 Miscellaneous articles of base metal 0.0 0.00 3.2-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 236.9 6.35 323.5-26.76
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 120.0 3.21 88.036.44
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 859.9 23.04 11.47,469.09
88 Aircraft, spacecraft, and parts thereof 42.9 1.15 499.3-91.41
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 219.7 5.89 178.323.27
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 24.1 0.65 0.0
95 Toys, games and sports requisites; parts and accessories thereof 121.3 3.25 107.812.61
96 Miscellaneous manufactured articles 0.0 0.00 19.8-100.00

US Imports from Laos

The major share of US imports from Laos in the 3rd quarter of 2017 (and in the 3rd quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 62.81% of US total imports from Laos (21.70% in the 3rd quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 12.84% of US total imports from Laos (19.98% in the 3rd quarter of 2016);
  • Precious metals and stones (HS code 71) - 9.78% of US total imports from Laos (18.48% in the 3rd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 7.18% of US total imports from Laos (19.03% in the 3rd quarter of 2016);
  • Chemical products (HS codes 28-40) - 3.52% of US total imports from Laos (9.32% in the 3rd quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 2.72% of US total imports from Laos (8.52% in the 3rd quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 0.34% of US total imports from Laos (1.02% in the 3rd quarter of 2016).

The largest gains in US imports from Laos in the 3rd quarter of 2017 over the 3rd 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 $11,968.0 thousand;
  • Footwear, gaiters and the like; parts of such articles (HS code 64) - an increase of $524.8 thousand;
  • Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - an increase of $389.3 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 $312.6 thousand;
  • Rubber and articles thereof (HS code 40) - an increase of $256.9 thousand;
  • Plastics and articles thereof (HS code 39) - an increase of $214.8 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $159.9 thousand;
  • Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder (HS code 12) - an increase of $115.2 thousand;
  • Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included (HS code 04) - an increase of $102.6 thousand.

The largest declines in US imports from Laos in the 3rd quarter of 2017 over the 3rd 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 $638.8 thousand;
  • Coffee, tea, maté and spices (HS code 09) - a decrease of $504.5 thousand;
  • Articles of iron or steel (HS code 73) - a decrease of $347.3 thousand;
  • Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - a decrease of $130.9 thousand.
US imports from Laos in the 3rd quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q3 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q3 2016
(USD thousand)
Change
in Q3 2017
over Q3 2016
(%)
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 137.6 0.60 34.9293.85
09 Coffee, tea, maté and spices 312.5 1.36 817.0-61.75
10 Cereals 17.3 0.08 0.0
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 115.2 0.50 0.0
13 Lac; gums, resins and other vegetable saps and extracts 0.0 0.00 15.7-100.00
22 Beverages, spirits and vinegar 42.5 0.19 23.878.41
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 38.4 0.17 677.2-94.33
39 Plastics and articles thereof 512.4 2.23 297.672.18
40 Rubber and articles thereof 256.9 1.12 0.0
41 Raw hides and skins (other than furskins) and leather 0.0 0.00 33.4-100.00
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 2.4 0.01 4.8-50.23
44 Wood and articles of wood; wood charcoal 70.6 0.31 62.013.81
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 2.9 0.01 44.8-93.44
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 5.1 0.02 0.0
50 Silk 13.5 0.06 0.0
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 18.3 0.08 0.0
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 9.8 0.04 0.0
60 Knitted or crocheted fabrics 34.8 0.15 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 1,106.8 4.82 1,237.7-10.58
62 Articles of apparel and clothing accessories, not knitted or crocheted 1,078.3 4.70 689.056.50
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 0.0 0.00 1.6-100.00
64 Footwear, gaiters and the like; parts of such articles 687.0 2.99 162.1323.72
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 2,246.7 9.78 1,934.016.17
73 Articles of iron or steel 1,641.2 7.15 1,988.4-17.46
81 Other base metals; cermets; articles thereof 6.7 0.03 2.8138.20
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 13,716.9 59.74 1,749.0684.29
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 23.1 0.10 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 681.6 2.97 521.730.64
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 19.2 0.08 27.5-30.05
96 Miscellaneous manufactured articles 5.4 0.02 2.3138.61
97 Works of art, collectors’ pieces and antiques 14.1 0.06 0.0
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce