Question: What are the major industries in Laos?

What are the main industries in Laos?

Economy of Laos

Statistics
Main industries Copper, tin, gold, and gypsum mining; timber, electric power, agricultural processing, rubber construction, garments, cement and tourism
Ease-of-doing-business rank 154th (below average, 2020)
External
Exports $3.654 billion (2017 est.)

What are 3 major industries?

Major industries

  • Agriculture.
  • Manufacturing.
  • Services.

What is Laos known for producing?

Most of the provinces that are deficit in rice are surplus maize producers. Other important economic crops include coffee, sugarcane, cassava, sweet potato and industrial tree crops (such as rubber, eucalyptus and acacia). Lao PDR is a country rich in biodiversity.

What are the main products of Laos?

Laos’ main exports are wood, clothing, coffee, electricity, metals, corn and rubber. Laos’ main exports partners are Thailand, China and Vietnam. .

What is the main income of Laos?

Agriculture is the mainstay of the economy of Laos. In the early 21st century the sector generated nearly half the country’s gross domestic product (GDP) and employed some three-fourths of the population.

What is Laos biggest agricultural export?

VIENTIANE, March 17 (Xinhua) — Bananas continue to be a top earner among all agricultural products, with the total export value of agricultural produce in 2020 reaching almost 1 billion U.S. dollars despite trade restrictions due to the COVID-19 pandemic.

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What are the 4 main industries?

There are four types of industry. These are primary, secondary, tertiary and quaternary. Primary industry involves getting raw materials e.g. mining, farming and fishing. Secondary industry involves manufacturing e.g. making cars and steel.

What are the top 5 industries?

The Biggest Industries In The United States

  • Finance and Insurance. …
  • Health and Social Care. …
  • Durable Manufacturing. …
  • Retail Trade. …
  • Wholesale Trade. …
  • Nondurable Manufacturing. …
  • Federal Government. …
  • Information.

What are the 4 types of industries?

In economics, industries are customarily classified as primary, secondary, and tertiary; secondary industries are further classified as heavy and light.

What does Laos export?

The Lao PDR is primarily an agricultural economy, with this sector contributing 51 percent of the GDP. Approximately 1,880,000 individuals are involved in agricultural work.

What natural resources does Laos have?

The geological potential to develop mineral resources in Laos is good for gold, silver, copper, iron and bauxite, but also for other commodities such as potash, sapphire, gypsum, coal and to a lesser extent tin, lead-zinc and construction materials.

What are major imports of Laos?

Imports The top imports of Laos are Refined Petroleum ($803M), Cars ($236M), Bovine ($234M), Iron Structures ($149M), and Other Steel Bars ($124M), importing mostly from Thailand ($3.8B), China ($1.87B), Vietnam ($747M), Japan ($121M), and South Korea ($96.1M).

What is Cambodia’s main export?

Cambodia’s exports are dominated by textile goods, which account for around 70 percent of total exports. Other export products include vehicles, footwear, natural rubber and fish. Cambodia’s main export partners are the United States, Hong Kong, Singapore, Canada, Germany and the UK.

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What is Vietnam’s largest export?

Industry Snapshots

Top Exports Export Value (2017)
Phones US $45.1 billion
Textiles US $25.9 billion
Electronic goods/Computers US $25.9 billion
Footwear US $14.6 billion