Agricultural products and natural resources account for the bulk of Laos’ exports. Laos’ main exports are wood, clothing, coffee, electricity, metals, corn and rubber. Laos’ main exports partners are Thailand, China and Vietnam. .
What is Laos known for producing?
In terms of tons of agricultural production, the top 5 crops in Laos in order of importance are rice, vegetables and beans, sugarcane, starchy roots, and tobacco. Since 1990, among these 5 leading crops, production of vegetables and beans has grown the fastest in percentage terms, followed by sugarcane.
What is its major import of Laos?
Laos mainly imports oil, machinery and equipment, vehicles, iron and steel, telecommunication equipment, beverages and cement. Laos’ main imports partner is Thailand (66 percent). Other imports partners include China and Vietnam.
What does Laos import and export?
Exports: The top exports of Laos are Electricity ($1.33B), Copper Ore ($568M), Refined Copper ($459M), Rubber ($290M), and Gold ($240M), exporting mostly to Thailand ($2.4B), China ($1.88B), Vietnam ($1.07B), Japan ($164M), and United States ($146M).
Is Laos rich or poor?
Despite rapid growth, Laos remains one of the poorest countries in Southeast Asia. A landlocked country, it has inadequate infrastructure and a largely unskilled work force.
What religion is Laos?
Theravada Buddhism is the dominant religion of the ethnic or “lowland” Lao, who constitute 53.2 percent of the overall population. According to the LFNC and MOHA, the remainder of the population comprises at least 48 ethnic minority groups, most of which practice animism and ancestor worship.
How much does Laos make in exports?
Laos recorded a trade deficit of USD 1.172 billion in 2017, with merchandise imports of USD 4.779 billion, exports of USD 3.607 billion and net services of USD 311.8 million.