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Trade and Economic Cooperation

Belarus considers Laos as an important area of foreign trade policy in the Southeast Asia.

The Belarus-Laos trade turnover is not stable. Belarusian export is not diversified enough and depends mainly on the supply of special-purpose products.

In July, 2017 the third session of Belarus-Laos Joint Commission on Bilateral Cooperation took place in Minsk.

Trade turnover between the Republic of Belarus and the Lao People’s Democratic Republic

                                                                                               in thousand dollars USD

 

2015

2016

2017

2018

2019

2020

Turnover

1 615,4

2 492,6

11,8

155

13 056,7

5 439,4

Exports

1 606,90

2 480,3

0

117,6

13 033,6

5 383,7

Imports

8,5

12,3

11,8

37,4

23,1

55,7

Balance

1 598,5

2 468

-11,8

80,2

13 010,5

5 328

The main export items are:

♦ potash fertilizers;
♦ electric equipment for internal combustion engines;
♦ liquid crystal devices.

Textiles and footwear are main items of Belarusian imports from Laos.

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