Export and Import Performance of Lao’s Products

Authors

  • Piya Wongpit Faculty of Economics and Business Management, National University of Laos, Vientiane, Lao PDR
  • Bounmy Inthakesone Faculty of Economics and Business Management, National University of Laos, Vientiane , Lao PDR

Keywords:

Economic Integration, Trade Performance, NRCA

Abstract

The objective of this paper is toidentify key export products of Laosto the RCEP partners (ASEAN, China, Japan, Korea, Australia, New Zealand, and India) and to analyzeimportproducts which will affect domestic production.Export and import products of Laoswereanalyzed by using various trade indicators and trade data from International Trade Centre during the 2010-2014. In addition, trade performance of RCEP member countries were studied in order to compare with the trade performance of Laos. The Normalized Revealed Comparative Advantage (NRCA) was applied to analyze the export performance of Laos and to compare with RCEP members.The results of the study show that imports and exports were accounted for only 30% of the 6,558 products under HS code. Most of products having comparative advantage were natural resources. The product having the highest NRCA was product code 740311 (pure gold).

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