Vietnam is Laos’ third largest trade partner in 2017

Monday, 2018-03-12 18:28:46
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Vietnam exported US$552 million worth of goods to Laos in 2017.
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NDO - Vietnam remained the third largest trading partner of Laos in 2017, trailing Thailand and China, according to the Vientiane Times.

The newspaper quoted the Lao Ministry of Industry and Commerce as saying that two-way trade between Vietnam and Laos reached more than US$1.27 billion last year, with Laos’ imports of goods from Vietnam worth US$552 million.

Last year, the landlocked country’s exports rose by 13.4% to more than US$4.8 billion while its imports climbed by 7.6% to more than US$4.5 billion.

Laos’ major export markets were also Thailand, China, and Vietnam, followed by India, Japan, Germany, and the United States.

The Southeast Asian country’s main exports were electricity, goal, camera accessories, garments, sugar, cassava, coffee, rubber, and corn.

Two-way trade values between Laos and its two largest trading partners, Thailand and China, were US$5.3 billion and US$2 billion respectively.