United States / Laos

Overview In January 2024, United States exported $2.14M and imported $27.8M from Laos, resulting in a negative trade balance of $25.7M. Between January 2023 and January 2024 the exports of United States have increased by $812k (61%) from $1.33M to $2.14M, while imports decreased by $-1.37M (-4.71%) from $29.2M to $27.8M.

Trade In January 2024, the top exports of United States to Laos were Valves ($214k), Cars ($205k), Soybeans ($201k), Recovered Paper ($146k), and Starch Residue ($137k). In January 2024 the top imports of United States from Laos were Optical Fibers and optical fibre bundles ($8.52M), Knitted Hats ($7.51M), Leather Footwear ($2.58M), Telephones ($2.52M), and Eyewear ($1.94M).

Origins In January 2024 the exports of United States were mainly from California ($1.36M), North Carolina ($278k), Virginia ($116k), Alabama ($112k), and Illinois ($48.8k), while imports destinations were mainly Texas ($10.3M), California ($8.52M), Pennsylvania ($2.85M), New York ($1.36M), and Washington ($1.13M).

Growth In January 2024, the increase in United States's year-by-year exports to Laos was explained primarily by an increase in product exports in Cars ($52.8k or 34.7%), Interchangeable Tool Parts ($50.2k or 1.48k%), and Soybeans ($20k or 11.1%). In January 2024, the decrease in United States's year-by-year imports  from Laos was explained primarily by an decrease in product imports  in Optical Fibers and optical fibre bundles ($-1.39M or -14%), Light Fixtures ($-774k or -96.3%), and Jewellery ($-83.3k or -60.6%).