Exports in Laos

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 |
Laos Facts
Value | Change | Date | |
---|---|---|---|
Exchange Rate | 8,885 | 0.31 % | Jan 01 |
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