Fri, 07 Oct 2022

Laos' trade deficit reaches 114 mln USD in July

13 Aug 2022, 16:05 GMT+10

VIENTIANE, Aug. 13 (Xinhua) -- Laos recorded a trade deficit of 114 million U.S. dollars in July, according to a report on Friday from the Lao Trade portal website.

The total value of trade in July amounted to 968 million dollars, of which 427 million dollars was exports and 541 million dollars was imports.

The country's major exports include paper and paper products, gold, wood pulp and paper scraps, etc. The major imports include diesel, mechanical equipment (except vehicle mechanics), wood and paper scraps, gasoline, steel products, animals, electrical wires and cables, and plastic products.

China remained the top export destination for Laos, followed by Vietnam and Thailand.

Meanwhile, the main importing countries of Laos included Thailand, China, Vietnam, the United States, and Japan, according to the report.

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