Laos records trade surplus of 41 mln USD in January

0 Comment(s)Print E-mail Xinhua, February 16, 2022
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VIENTIANE, Feb. 16 (Xinhua) -- Laos recorded a trade surplus of 41 million U.S. dollars in the first month of 2022, with China continuing to be the country's largest export market.

The total trade value in January, including exports and imports, was recorded at 1.156 billion U.S. dollars, including 598 million U.S. dollars worth of exports and 557 million U.S. dollars worth of imports, according to the latest information from the Lao Trade Portal website.

Laos' main export products are mixed gold (gold bars), paper and paper products, copper ore, wood pulp and waste paper, rubber, cassava, bananas, clothing, glass and glassware, and cassava starch.

The main import products are road vehicles (other than motorcycles and tractors), diesel, mechanical equipment (other than motor vehicles), auto parts (including goggles and chains), electrical wiring, cables, plastics, gasoline, food waste and waste from the food industry, chemical products, and pharmaceutical products.

The government is hoping to make use of the China-Laos Railway to bolster the export of Lao products.

It is believed the railway will result in the growth of many industries, such as tourism, trade and investment, especially in the processing industry, and will assist Laos' post-pandemic recovery. Enditem

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