The United States and Laos meet regularly under our 2016 Trade and Investment Framework Agreement (TIFA), which provides a platform for addressing bilateral issues, monitoring Laos’ implementation of its WTO accession commitments, and coordinating on regional and multilateral issues. The latest information regarding significant trade barriers can be found in the 2024 National Trade Estimate Report, see here.
Laos Trade Summary
U.S. goods and services trade with Laos totaled an estimated $968.6 million in 2024, up 115.5 percent ($519.1 million) from 2023.
U.S. total goods trade (exports plus imports) with Laos was an estimated $842.6 million in 2024. U.S. goods exports to Laos in 2024 were $39.8 million, down 13.8 percent ($6.3 million) from 2023. U.S. goods imports from Laos in 2024 totaled $802.8 million, up 162.9 percent ($497.4 million) from 2023. The U.S. goods trade deficit with Laos was $763.1 million in 2024, a 194.3 percent increase ($503.8 million) over 2023.
U.S. total services trade (exports plus imports) with Laos totaled an estimated $126 million in 2024. U.S. services exports to Laos in 2024 were $40 million, down 9.1 percent ($4 million) from 2023. U.S. services imports from Laos in 2024 were $86 million, up 59.3 percent ($32 million) from 2023. The U.S. services trade deficit with Laos was $46 million in 2024, a 360.0 percent increase ($36 million) over 2023.
