Laos' Xayaburi hydroelectric plant (Source: investvine.com)

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

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

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

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

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

Also last year, Laos imported 5.84 billion USD worth of goods, including 613.83 million USD worth of goods under preferential frameworks.

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

Laos spent 369.16 million USD on machinery and parts, 85.41 million USD on construction materials and 64.14 million USD on garment and home utensils.-VNA