Vietnam remains second largest export market of Laos
Vietnam was the second largest importer of Lao products in June this year, with a total value reaching US$115 million, according to the Lao Trade Portal (LTP).
The country’s import-export value amounted to nearly US$1.23 billion in the month, excluding the value of electricity import-export, up 13% month-on-month.
Although Laos still recorded a trade deficit of about US$133 million, its export turnover rose by 13% compared to the previous month.
The country’s main exports included potash salt (US$80 million), mixed gold (US$67 million), paper (US$40 million), rubber (US$29 million), copper ore (US$27 million), wood chips (US$23 million), and sugar (US$17 million), the LTP said.
Meanwhile, the total import value in the month increased by 7% compared to the previous month, with major items being diesel fuel, road vehicles, machinery and equipment, electrical appliances and equipment, and steel and steel products.
