Vietnam ranks 3rd among Laos’ markets

Chia sẻ
(VOVWORLD) -Vietnam ranked third among Laos’ export markets in January with a total value amounting to about 65 million USD, while China remained the top export destination for the country and was followed by Thailand, with 156 million USD and 128 million USD, respectively.
Vietnam ranks 3rd among Laos’ markets - ảnh 1Thanaleng Dry Port (Photo: VNA)

At the same time, Vietnam was also the third among the countries from which Laos imported the most with a total value of about 21 million USD. Thailand topped the list while China came second with 255 million USD and about 121 million USD, respectively.

The Laos’ total trade value in the month amounted to 935 million USD, of which 461 million USD were exports. The country recorded a trade deficit of 13 million USD.

Laos' main exports included cassava, mixed gold and goal bars, copper ore, salt, paper and paper products, bananas, clothes, pulp and paper scraps, sugar, and iron ore.

The country's main imports included diesel, mechanical equipment, land vehicles, gasoline, auto spare parts, steel and steel products, plastic products, electrical wires and cables, electric appliances and electrical equipment, wood pulp and paper waste.

Bilateral trade between Vietnam and Laos reached 99.2 million USD in January, a year-on-year decrease of 27.3%.

Two-way trade revenue between Vietnam and Laos in 2022 grew 24% year-on-year to reach some 1.7 billion USD.

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