In 2024, electricity exports continued to lead Laos’ export revenues, generating nearly USD 980 million and accounting for 15.35 percent of total exports, according to the Department of Foreign Trade.
The country’s total trade volume for the year reached USD 16.35 billion, with exports valued at USD 8.14 billion and imports at USD 8.21 billion. This resulted in a trade deficit of approximately USD 64 million.
In addition to electricity, key exports included potash salt, gold, electrical appliances, rubber, and paper. Major export markets were China, Thailand, and Vietnam, which together accounted for over 80 percent of Laos’ exports.
On the import side, primary goods included diesel fuel, machinery, and vehicles, with Thailand and China remaining the largest import partners.
For comparison, in 2023, electricity exports topped the list, contributing USD 2.38 billion to Laos’ export revenue.