Lao PDR is a landlocked country located in Southeast Asia, bordered by Myanmar and China to the northwest, Vietnam to the east, Cambodia to the south, and Thailand to the west. The country has seen sustainable economic growth with its GDP increasing on average by 7% annually in the past decade. The country moved up to become a lower-middle-income economy from a low income economy in 2011. The economic boom of the country has been largely due to natural resources extraction and hydropower. Laos PDR’s main exports are copper, electrical energy, wood and apparel. It mainly imports oil, machinery and equipment, and vehicles and its major trading partners are Thailand and China. It is a member of the Asia-Pacific Trade Agreement (APTA), Association of Southeast Asian Nations (ASEAN) and the World Trade Organization (WTO) since February 2013.
Notes: Top 20 products listed in decreasing order of their export potential to the world. Development indicators are relative to the country’s current situation, green indicating performance above its trade-weighted median and red otherwise. A blank cell indicates that data are not available. A blank cell in export potential means that the product was not consistently demanded over five years by any country in the respective region. Exports (US$ thousand) correspond to average exports to the world over the period 2009-2013.