Laos’ exports experience upward trend

05/08/2024 11:00
Email Print 6683
KPL (KPL/VNA) Laos' total import-export value in June hit nearly 1.23 billion USD, a 13% increase from May, the Lao Trade Portal (LTP) has reported.

(KPL/VNA) Laos' total import-export value in June hit nearly 1.23 billion USD, a 13% increase from May, the Lao Trade Portal (LTP) has reported.

Of which, imports reached 680 million USD while exports brought home 547 million USD, according to the centre. Despite a trade deficit of 133 million USD, the export value increased 13% from May, showing the Lao economy is on a recovery.

Key export items included potassium 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), sugar (17 million), cassava flour at (16 million USD), bananas at (12 million USD, and cassava (8 million USD).

China led Laos's export markets, with 199 million USD, followed by Vietnam with 115 million USD, Thailand 100 million USD, the US 20 million USD, and Switzerland 18 million USD.

The country's June import value rose 7% compared to the previous month. Major imports were diesel fuel, road transport vehicles (excluding motorcycles), machinery and equipment, and electrical and electronic equipment.

Its top import markets included China, Thailand, and Vietnam with 271 million USD, 258 million USD, and 63 million USD, respectively.

 

 

KPL

ຂ່າວອື່ນໆ

    • Phonesack Invests $4 Billion in Coal-Fired Power Plant to Boost Laos-Cambodia Energy ConnectivityEconomics

      Phonesack Invests $4 Billion in Coal-Fired Power Plant to Boost Laos-Cambodia Energy Connectivity

      4/10/2025 12:12:19 PM

      Phonesack Group held a groundbreaking ceremony on April 2 for a 4-billion-dollar coal-fired thermal power plant project in Kalum District, Xekong Province, southern Laos. The event was attended by Deputy Prime Minister Saleumxay Kommasith, the Minister of Energy and Mines, the Provincial Governor, and key guests from public and private sectors. The project is being developed by the Phonesack Group.

    • ADB, Lao PDR Collaborate to Host Workshop on Financing Resilient GrowthEconomics

      ADB, Lao PDR Collaborate to Host Workshop on Financing Resilient Growth

      4/3/2025 12:33:16 PM

      The Asian Development Bank (ADB), in partnership with the Ministry of Finance, organized the two-day Workshop on Scaling Up Financing for Resilient Growth in the Lao PDR, which brought together more than 100 senior government officials, development partners, and sector experts to discuss ways to drive resilient growth in the country in an integrated manner.

    • Laos Signs MOU for Solar Energy Project in Two ProvincesEconomics

      Laos Signs MOU for Solar Energy Project in Two Provinces

      3/28/2025 2:52:58 PM

      The government signed a Memorandum of Understanding (MOU) with AB Construction and Shaochun Hung Heuang Co., Ltd. to conduct a feasibility study for a solar power project in Bolikhamxay and Sekong provinces on March 26, 2025.

    • Laos Energy Development Plan for Net-Zero Emissions UnveiledEconomics

      Laos Energy Development Plan for Net-Zero Emissions Unveiled

      3/26/2025 12:16:21 PM

      The ASEAN Centre for Energy (ACE) has released a study titled "Energy Sector Development Plan for Net-Zero Emissions in Laos". The study, published on March 25, 2025, underscores Laos’ commitment to achieving net-zero greenhouse gas emissions by 2050, aligning with its Nationally Determined Contributions (NDC) under the Paris Agreement.

    • Vietnam, Laos promote payments in local currencies to boost trade Economics

      Vietnam, Laos promote payments in local currencies to boost trade

      3/17/2025 9:39:17 AM

      (KPL/VNA) A conference was held in Vientiane on March 14 to promote the use of the Lao kip (LAK) and the Vietnam dong (VND) in payments for goods and services between the two countries.


Top