Vietnam remains second largest export market of Laos

05/08/2024 10:55
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KPL (KPL/VNA) Vietnam was the second largest importer of Lao products in June this year, with a total value reaching 115 million USD, according to the Lao Trade Portal (LTP).

(KPL/VNA) Vietnam was the second largest importer of Lao products in June this year, with a total value reaching 115 million USD, according to the Lao Trade Portal (LTP).

The country’s import-export value amounted to nearly 1.23 billion USD in the month, excluding the value of electricity import-export, up 13% month-on-month.

Although Laos still recorded a trade deficit of about 133 million USD, its export turnover rose by 13% compared to the previous month.

The country’s main exports included potash salt (80 million USD), mixed gold (67 million USD), paper (40 million USD), rubber (29 million USD), copper ore (27 million USD), wood chips (23 million USD), and sugar (17 million USD), 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.

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