Laos Exporter Guide 2010
In the last decade, Laos has experienced significant industrial and economic growth fueled primarily by the mining and tourism industries. The latter remains the main driver for demand for high-value consumer oriented agricultural exports to Laos.
Although Laos is the least developed country bordering Vietnam, China, Myanmar, Cambodia, and Thailand, over the past decade, Laos has enjoyed relative peace and stability. This period has coincided with strong and sustained poverty reduction and economic growth, allowing for a potential increase in export opportunities due to a higher rate of income. Poverty, however, continues to be a major issue in Laos with an estimated 27 percent of the population living under the World Bank‟s indicated USD $1, per day, poverty line. Regardless, it is predicted that the economy will expand by 7 percent and 7.5 percent in 2010 and 2011, respectively. Laos exports wood products, coffee, electricity, tin, copper, and gold. World market prices for these commodities are expected to remain high during 2010 and 2011, allowing for more prosperity of the Lao people.