Thanaleng Dry Port (Photo: VNA)Vientiane (VNA) – Vietnam ranked third amongLaos’ export markets in January with a total value amounting to about 65 millionUSD, while China remained the top export destination for the country and was followed by Thailand, with 156 million USD and 128 million USD, respectively.
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. Thailandtopped the list while China came second with 255 million USD and about 121million USD, respectively.
The Laos’ total trade value in the month amounted to 935 million USD, of which 461 million USD were exports. Thecountry recorded a trade deficit of 13 million USD.
Laos' main exports included cassava, mixedgold 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, mechanicalequipment, land vehicles, gasoline, auto spare parts, steel and steel products,plastic products, electrical wires and cables, electric appliances andelectrical equipment, wood pulp and paper waste.
Bilateral trade between Vietnam and Laos reached 99.2 millionUSD in January, a year-on-year decrease of 27.3%.
Vietnameseshipments to Laos were valued at 27.8 million USD, down 35% from a year ago,while its imports from Laos reached 71.4 million USD, a year-on-year decline of23.8%.
Two-way traderevenue between Vietnam and Laos in 2022 grew 24% year-on-year to reach some1.7 billion USD.
Vietnamexported 656 million USD worth of goods to the neighboring country in 2022, upover 10%. They included mainly oil and gas, fertilisers, steel, machinery andaccessories, and means of transport. Meanwhile, Vietnam’s imports were valuedat over 1 billion USD, a year-on-year rise of 35%, with main items includingwood and wood products, fertilisers, rubber and corn./.
