Exports in Laos

Laos Exports | Economic News & Forecasts

Laos - Exports

Activity was likely robust in Q1. Year-on-year export growth picked up compared to Q4, according to Ministry of Commerce figures. Despite being held up by China’s zero-Covid policy, the China-Laos railway appears to have boosted freight between the two countries. Moreover, Covid-19 restrictions were loosened in January–February. That said, rising energy prices caused the oil-related import bill to swell and inflation to hit a near-decade high in March, likely denting consumer spending. Meanwhile, the government presented its five-year budget in late March, proposing a gradual shrinking of the fiscal deficit. Turning to Q2, activity is likely to be restrained: a Covid-19 surge forced the government to tighten restrictions from late March and a slowdown in China will hit exports. More positively, a major Covid-19 vaccine booster shot rollout recently began, which should support activity going forward.

Laos - Exports Data

2015   2016   2017   2018   2019  
Exports (USD billion)3.7  4.2  4.9  5.3  5.8  

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Laos Facts

Value Change Date
Exchange Rate8,8850.31 %Jan 01

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