US trade with Laos in the 4th quarter of 2017

Published or Updated: Apr 09, 2018

The report on US foreign trade in goods with Laos in the 4th quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Laos

In the 4th quarter of 2017, US trade with Laos totaled $34.0 million, up 17.72% ($5.1 million) from the 4th quarter of 2016.

US exports to Laos in the 4th quarter of 2017 were $7.4 million, down 32.08% ($3.5 million) from the 4th quarter of 2016.

US imports from Laos in the 4th quarter of 2017 totaled $26.6 million, up 47.95% ($8.6 million) from the 4th quarter of 2016.

US trade deficit with Laos in the 4th quarter of 2017 was $19.2 million, a 171.54% increase ($12.1 million) over the 4th quarter of 2016.

Laos was the US 154th largest trading partner in the 4th quarter of 2017 (up from 161st in the 4th quarter of 2016), accounting for 0.0033% of US total trade (up from 0.0030% in the 4th quarter of 2016).

Laos was the US 175th largest export market in the 4th quarter of 2017 (down from 164th in the 4th quarter of 2016), accounting for 0.0018% of US total exports (down from 0.0029% in the 4th quarter of 2016).

Laos was the US 122nd largest supplier in the 4th quarter of 2017 (up from 130th in the 4th quarter of 2016), accounting for 0.0042% of US total imports (up from 0.0031% in the 4th quarter of 2016).

US Exports to Laos

The major share of US exports to Laos in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 47.42% of US total exports to Laos (30.02% in the 4th quarter of 2016);
  • Precious metals and stones (HS code 71) - 23.63% of US total exports to Laos (18.72% in the 4th quarter of 2016);
  • Chemical products (HS codes 28-40) - 14.62% of US total exports to Laos (1.08% in the 4th quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 9.56% of US total exports to Laos (2.80% in the 4th quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 0.37% of US total exports to Laos (43.80% in the 4th quarter of 2016).

The largest gains in US exports to Laos in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Plastics and articles thereof (HS code 39) - an increase of $722.0 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $586.8 thousand;
  • Cereals (HS code 10) - an increase of $298.7 thousand;
  • Essential oils and resinoids; perfumery, cosmetic or toilet preparations (HS code 33) - an increase of $267.3 thousand;
  • Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - an increase of $106.9 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 $92.0 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $81.1 thousand;
  • Miscellaneous edible preparations (HS code 21) - an increase of $65.7 thousand;
  • Edible vegetables and certain roots and tubers (HS code 07) - an increase of $59.0 thousand;
  • Toys, games and sports requisites; parts and accessories thereof (HS code 95) - an increase of $47.1 thousand;
  • Arms and ammunition; parts and accessories thereof (HS code 93) - an increase of $28.7 thousand;
  • Organic chemicals (HS code 29) - an increase of $23.5 thousand.

The largest declines in US exports to Laos in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Man-made staple fibers (HS code 55) - a decrease of $4,737.9 thousand;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - a decrease of $348.8 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 $291.4 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $175.1 thousand;
  • Commodities not specified according to kind (HS code 99) - a decrease of $75.6 thousand;
  • Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included (HS code 04) - a decrease of $65.0 thousand;
  • Beverages, spirits and vinegar (HS code 22) - a decrease of $61.7 thousand;
  • Miscellaneous manufactured articles (HS code 96) - a decrease of $31.3 thousand;
  • Miscellaneous chemical products (HS code 38) - a decrease of $28.1 thousand;
  • Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery (HS code 58) - a decrease of $25.2 thousand.
US exports to Laos in the 4th quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q4 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q4 2016
(USD thousand)
Change
in Q4 2017
over Q4 2016
(%)
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 0.0 0.00 65.0-100.00
07 Edible vegetables and certain roots and tubers 59.0 0.80 0.0
10 Cereals 298.7 4.03 0.0
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 106.9 1.44 0.0
21 Miscellaneous edible preparations 76.0 1.02 10.2641.47
22 Beverages, spirits and vinegar 168.4 2.27 230.1-26.82
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 0.0 0.00 11.1-100.00
29 Organic chemicals 23.5 0.32 0.0
30 Pharmaceutical products 3.7 0.05 14.2-73.77
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 272.5 3.67 5.25,166.14
38 Miscellaneous chemical products 41.6 0.56 69.7-40.27
39 Plastics and articles thereof 743.3 10.02 21.33,388.89
40 Rubber and articles thereof 0.0 0.00 7.5-100.00
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 0.0 0.00 15.3-100.00
55 Man-made staple fibers 0.0 0.00 4,737.9-100.00
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 0.0 0.00 25.2-100.00
60 Knitted or crocheted fabrics 0.0 0.00 6.9-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 5.9 0.08 12.4-52.88
64 Footwear, gaiters and the like; parts of such articles 2.6 0.04 0.0
65 Headgear and parts thereof 18.8 0.25 0.0
70 Glass and glassware 0.0 0.00 16.3-100.00
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 1,752.4 23.63 2,043.8-14.26
72 Iron and steel 0.0 0.00 7.4-100.00
73 Articles of iron or steel 9.5 0.13 0.0
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 8.6 0.12 11.7-26.22
83 Miscellaneous articles of base metal 14.7 0.20 4.7216.54
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 2,568.2 34.63 1,981.529.61
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 149.9 2.02 57.9158.91
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 499.2 6.73 674.4-25.97
88 Aircraft, spacecraft, and parts thereof 35.2 0.47 384.0-90.84
89 Ships, boats and floating structures 3.0 0.04 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 261.7 3.53 180.644.92
93 Arms and ammunition; parts and accessories thereof 33.2 0.45 4.5644.94
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 2.8 0.04 3.4-18.81
95 Toys, games and sports requisites; parts and accessories thereof 158.9 2.14 111.842.14
96 Miscellaneous manufactured articles 0.0 0.00 31.3-100.00
99 Commodities not specified according to kind 98.3 1.33 174.0-43.48

US Imports from Laos

The major share of US imports from Laos in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 52.30% of US total imports from Laos (55.48% in the 4th quarter of 2016);
  • Precious metals and stones (HS code 71) - 15.37% of US total imports from Laos (9.47% in the 4th quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 11.12% of US total imports from Laos (12.13% in the 4th quarter of 2016);
  • Chemical products (HS codes 28-40) - 9.40% of US total imports from Laos (7.76% in the 4th quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 9.39% of US total imports from Laos (9.98% in the 4th quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 1.17% of US total imports from Laos (3.63% in the 4th quarter of 2016).

The largest gains in US imports from Laos in the 4th quarter of 2017 over the 4th 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 $3,749.0 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) - an increase of $2,385.6 thousand;
  • Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes (HS code 28) - an increase of $1,006.2 thousand;
  • Articles of iron or steel (HS code 73) - an increase of $701.2 thousand;
  • Footwear, gaiters and the like; parts of such articles (HS code 64) - an increase of $653.7 thousand;
  • Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - an increase of $321.1 thousand;
  • Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included (HS code 04) - an increase of $243.1 thousand;
  • Plastics and articles thereof (HS code 39) - an increase of $229.0 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $147.9 thousand;
  • Commodities not specified according to kind (HS code 99) - an increase of $97.1 thousand.

The largest declines in US imports from Laos in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Coffee, tea, maté and spices (HS code 09) - a decrease of $577.5 thousand;
  • Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - a decrease of $230.4 thousand;
  • Rubber and articles thereof (HS code 40) - a decrease of $124.8 thousand.
US imports from Laos in the 4th quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q4 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q4 2016
(USD thousand)
Change
in Q4 2017
over Q4 2016
(%)
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 243.1 0.91 0.0
09 Coffee, tea, maté and spices 2.3 0.01 579.8-99.60
10 Cereals 0.0 0.00 18.9-100.00
22 Beverages, spirits and vinegar 65.1 0.24 53.621.42
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 1,755.6 6.60 749.4134.27
30 Pharmaceutical products 0.0 0.00 3.6-100.00
39 Plastics and articles thereof 636.6 2.39 407.656.19
40 Rubber and articles thereof 110.9 0.42 235.7-52.96
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 7.1 0.03 57.6-87.62
44 Wood and articles of wood; wood charcoal 85.1 0.32 72.217.82
50 Silk 35.4 0.13 3.8830.97
61 Articles of apparel and clothing accessories, knitted or crocheted 1,585.2 5.96 1,264.125.40
62 Articles of apparel and clothing accessories, not knitted or crocheted 337.3 1.27 567.7-40.59
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 0.0 0.00 0.3-100.00
64 Footwear, gaiters and the like; parts of such articles 1,000.5 3.76 346.9188.46
70 Glass and glassware 3.2 0.01 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 4,089.7 15.37 1,704.1139.99
73 Articles of iron or steel 2,496.6 9.38 1,795.439.06
83 Miscellaneous articles of base metal 3.5 0.01 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 13,077.2 49.13 9,328.140.19
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 43.1 0.16 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 800.1 3.01 652.322.67
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 16.8 0.06 36.9-54.39
95 Toys, games and sports requisites; parts and accessories thereof 0.0 0.00 3.6-100.00
96 Miscellaneous manufactured articles 0.0 0.00 10.1-100.00
97 Works of art, collectors’ pieces and antiques 25.9 0.10 0.0
99 Commodities not specified according to kind 194.8 0.73 97.699.52
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce