China

Laos generated an estimated USD 1.4 bln from agricultural exports in 2023, surpassing government targets by 20.18% and marking a 3.4% growth in agriculture and forestry production. China remains Laos’ largest trading partner, with December exports exceeding USD 200 mln, followed by Vietnam and Thailand. Despite this success, Laos experienced its eighth consecutive month of trade deficit, with imports valued at USD 703 mln and exports at USD 531 mln in December.