August 02, 2024 | 19:01 (GMT+7)
Vietnam remains second largest export market of Laos
Vietnam was the second largest importer of Laos' 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.
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Processing rubber for export at Phu Rieng Company's factory |
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.
Source: VNA