Balao is a town in Ecuador. It may also refer to:

Balao-class submarines Hemiramphus balao, a fish Balão Mágico, a Brazilian children's show Turma do Balão Mágico, a Brazilian children's music group that starred on the TV show Balão (footballer, born 1975), Sandro Júnior Cavalcante da Costa, Brazilian footballer. Balão (footballer, born 2003), João Victor de Amorim Marinho, Brazilian footballer.