Lao PDR | Merchandise imports (current US$)

Merchandise imports show the c.i.f. value of goods received from the rest of the world valued in current U.S. dollars. Limitations and exceptions: The value of imports is generally recorded as the cost of the goods when purchased by the importer plus the cost of transport and insurance to the frontier of the importing country - the cost, insurance, and freight (c.i.f.) value, corresponding to the landed cost at the point of entry of foreign goods into the country. A few countries collect import data on a free on board (f.o.b.) basis and adjust them for freight and insurance costs. Countries may report trade according to the general or special system of trade. Under the general system imports include goods imported for domestic consumption and imports into bonded warehouses and free trade zones. Under the special system imports comprise goods imported for domestic consumption (including transformation and repair) and withdrawals for domestic consumption from bonded warehouses and free trade zones. Goods transported through a country en route to another are excluded. Data on imports of goods are derived from the same sources as data on exports. In principle, world exports and imports should be identical. Similarly, exports from an economy should equal the sum of imports by the rest of the world from that economy. But differences in timing and definitions result in discrepancies in reported values at all levels. Statistical concept and methodology: Merchandise trade data are from customs reports of goods moving into or out of an economy or from reports of financial transactions related to merchandise trade recorded in the balance of payments. Because of differences in timing and definitions, trade flow estimates from customs reports and balance of payments may differ. Several international agencies process trade data, each correcting unreported or misreported data, leading to other differences. The data on total imports of goods (merchandise) are from the World Trade Organization (WTO), which obtains data from national statistical offices and the IMF's International Financial Statistics, supplemented by the Comtrade database and publications or databases of regional organizations, specialized agencies, economic groups, and private sources (such as Eurostat, the Food and Agriculture Organization, and country reports of the Economist Intelligence Unit). Country websites and email contact have improved collection of up-to-date statistics, reducing the proportion of estimates. The WTO database now covers most major traders in Africa, Asia, and Latin America, which together with high-income countries account for nearly 95 percent of world trade. Reliability of data for countries in Europe and Central Asia has also improved.
Publisher
The World Bank
Origin
Lao People's Democratic Republic
Records
63
Source
Lao PDR | Merchandise imports (current US$)
1960 19000000
1961 17000000
1962 23000000
1963 26000000
1964 26000000
1965 33000000
1966 42000000
1967 49000000
1968 54000000
1969 83000000
1970 114000000
1971 82000000
1972 63000000
1973 57000000
1974 65000000
1975 45000000
1976 45000000
1977 14000000
1978 16000000
1979 70000000
1980 92000000
1981 110000000
1982 132000000
1983 150000000
1984 162000000
1985 193000000
1986 186000000
1987 216000000
1988 193000000
1989 185000000
1990 185000000
1991 170000000
1992 270000000
1993 432000000
1994 564000000
1995 589000000
1996 690000000
1997 706000000
1998 553000000
1999 525000000
2000 535000000
2001 510000000
2002 447000000
2003 462000000
2004 713000000
2005 882000000
2006 1060000000
2007 1067000000
2008 1403000000
2009 1461000000
2010 2060000000
2011 2404000000
2012 3055000000
2013 3081000000
2014 4271000000
2015 5675000000
2016 5372000000
2017 5667000000
2018 6315000000
2019 6272000000
2020 5370000000
2021 6275000000
2022 7244000000

Lao PDR | Merchandise imports (current US$)

Merchandise imports show the c.i.f. value of goods received from the rest of the world valued in current U.S. dollars. Limitations and exceptions: The value of imports is generally recorded as the cost of the goods when purchased by the importer plus the cost of transport and insurance to the frontier of the importing country - the cost, insurance, and freight (c.i.f.) value, corresponding to the landed cost at the point of entry of foreign goods into the country. A few countries collect import data on a free on board (f.o.b.) basis and adjust them for freight and insurance costs. Countries may report trade according to the general or special system of trade. Under the general system imports include goods imported for domestic consumption and imports into bonded warehouses and free trade zones. Under the special system imports comprise goods imported for domestic consumption (including transformation and repair) and withdrawals for domestic consumption from bonded warehouses and free trade zones. Goods transported through a country en route to another are excluded. Data on imports of goods are derived from the same sources as data on exports. In principle, world exports and imports should be identical. Similarly, exports from an economy should equal the sum of imports by the rest of the world from that economy. But differences in timing and definitions result in discrepancies in reported values at all levels. Statistical concept and methodology: Merchandise trade data are from customs reports of goods moving into or out of an economy or from reports of financial transactions related to merchandise trade recorded in the balance of payments. Because of differences in timing and definitions, trade flow estimates from customs reports and balance of payments may differ. Several international agencies process trade data, each correcting unreported or misreported data, leading to other differences. The data on total imports of goods (merchandise) are from the World Trade Organization (WTO), which obtains data from national statistical offices and the IMF's International Financial Statistics, supplemented by the Comtrade database and publications or databases of regional organizations, specialized agencies, economic groups, and private sources (such as Eurostat, the Food and Agriculture Organization, and country reports of the Economist Intelligence Unit). Country websites and email contact have improved collection of up-to-date statistics, reducing the proportion of estimates. The WTO database now covers most major traders in Africa, Asia, and Latin America, which together with high-income countries account for nearly 95 percent of world trade. Reliability of data for countries in Europe and Central Asia has also improved.
Publisher
The World Bank
Origin
Lao People's Democratic Republic
Records
63
Source