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Laos posts 5.41 billion USD in export earnings in 2018

Laos recorded total export revenue of 5.41 billion USD in 2018, according to statistics of the country’s ministry of industry and trade.
Laos posts 5.41 billion USD in export earnings in 2018 ảnh 1Laos' Xayaburi hydroelectric plant (Source: investvine.com)

Vientiane (VNA) – Laos recordedtotal export revenue of 5.41 billion USD in 2018, according to statistics ofthe country’s ministry of industry and trade.

Of the figure, 1.31 billion USDcame from exports under preferential frameworks such as the Generalised Schemeof Preferences (GSP) and Free Trade Agreements (FTAs).

The country enjoys preferentialtreatment when exporting to 37 countries and importing from 39 countries.

The biggest export market ofLaos was Thailand with 425.86 million USD, followed by Vietnam with 332.85million USD and China with 250.95 million USD.

Industrial goods were thebiggest foreign currency earner, bringing in 637.36 million USD, andagricultural products came next with 406.94 million USD, and minerals with 89.5million USD.

Also last year, Laos imported5.84 billion USD worth of goods, including 613.83 million USD worth of goodsunder preferential frameworks.

Thailand was also the top importsource of Laos with 329.04 million USD worth of goods shipped to Laos lastyear. It was followed by China with 79.58 million USD and Vietnam with 76.39million USD.

Laos spent 369.16 million USD onmachinery and parts, 85.41 million USD on construction materials and 64.14million USD on garment and home utensils.-VNA
VNA
#Laos #ministry of industry and trade #Generalised Scheme of Preferences #Free Trade Agreements #preferential frameworks #home utensils #Vietnam #VietnamPlus #Viet Nam News Laos
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