Hanoi (VNA) – Laos enjoyed increasing tradesurplus in three consecutive months of this year, despite the continuingdepreciation of the Kip and rising costs of production and consumables.
Local media cited statistics from the Lao Ministry ofIndustry and Commerce as reported that the country's trade surplus wasrecorded at 41 million USD in January, rising to 48 million USD in February, and 78.3million USD in March.
The total value of goods imported and exported in Januaryreached 1.15 billion USD, of which exports were valued at 598 million USD andimports at 557 million USD. The total trade value in February was 989 million USD,including 519 million USD worth of exported goods and 471 million USD of importedgoods. Last month, the total value of trade was recorded at 1.07 billion USD,comprising 577.8 million USD worth of exports and 499.5 million USD worth of imports.
These statistics do not include the value of electricityexported and will be updated when this information becomes available.
Laos’s main export products are gold, gold bars, paper andpaper products, copper ore, rubber, cassava, iron ore, bananas, clothing,shoes, and copper and copper items.
The main items imported are vehicles (excluding motorcyclesand tractors), diesel and mechanical equipment (excluding motor vehicles),precious and semi-precious stones, wood and paper scraps, auto parts (includingtyres, windshields and chains), plastic products, electronic equipment andelectrical appliances, petrol, and chemical products.
The nation's five top export markets are China, Vietnam, Thailand,Australia and India, while the main countries from which goods are imported areThailand, China, Vietnam, Switzerland and the US.
The Lao government is aiming for a trade surplus of at least1.55 billion USD this year despite the country’s economic difficultiestriggered in part by the COVID-19 pandemic.
The value of exports is projected to reach 7.6 billion USD whilethe value of imports is forecast at 6.05 billion USD, according to a recentreport from the Lao Prime Minister’s Office.
To achieve this goal, the government has pledged to boostagricultural production and the processing of goods for export, especially toChina, whose market can now be more easily accessed via the Laos-ChinaRailway.
In recent decades, the government has attempted to increaseexports while minimising imports so as to earn more foreign currency.
In 2021, Laos recorded a trade surplus of 1 billion USD,with the value of exports amounting to 7 billion USD and imports valued at 6billion USD./.
Local media cited statistics from the Lao Ministry ofIndustry and Commerce as reported that the country's trade surplus wasrecorded at 41 million USD in January, rising to 48 million USD in February, and 78.3million USD in March.
The total value of goods imported and exported in Januaryreached 1.15 billion USD, of which exports were valued at 598 million USD andimports at 557 million USD. The total trade value in February was 989 million USD,including 519 million USD worth of exported goods and 471 million USD of importedgoods. Last month, the total value of trade was recorded at 1.07 billion USD,comprising 577.8 million USD worth of exports and 499.5 million USD worth of imports.
These statistics do not include the value of electricityexported and will be updated when this information becomes available.
Laos’s main export products are gold, gold bars, paper andpaper products, copper ore, rubber, cassava, iron ore, bananas, clothing,shoes, and copper and copper items.
The main items imported are vehicles (excluding motorcyclesand tractors), diesel and mechanical equipment (excluding motor vehicles),precious and semi-precious stones, wood and paper scraps, auto parts (includingtyres, windshields and chains), plastic products, electronic equipment andelectrical appliances, petrol, and chemical products.
The nation's five top export markets are China, Vietnam, Thailand,Australia and India, while the main countries from which goods are imported areThailand, China, Vietnam, Switzerland and the US.
The Lao government is aiming for a trade surplus of at least1.55 billion USD this year despite the country’s economic difficultiestriggered in part by the COVID-19 pandemic.
The value of exports is projected to reach 7.6 billion USD whilethe value of imports is forecast at 6.05 billion USD, according to a recentreport from the Lao Prime Minister’s Office.
To achieve this goal, the government has pledged to boostagricultural production and the processing of goods for export, especially toChina, whose market can now be more easily accessed via the Laos-ChinaRailway.
In recent decades, the government has attempted to increaseexports while minimising imports so as to earn more foreign currency.
In 2021, Laos recorded a trade surplus of 1 billion USD,with the value of exports amounting to 7 billion USD and imports valued at 6billion USD./.
VNA
