Vietnam-Laos trade revenue posts 99.2 million USD in January

ABO/NDO- The bilateral trade revenue between Vietnam and Laos reached 99.2 million USD in January 2023, down 27.3% over the same period in 2022, according to the Vietnam Trade Office in Laos.

The Vietnam Trade Office in Laos said that Vietnam’s total import and export revenue decreased in January 2023, due to the long New Year and Lunar New Year holidays, including the decrease in revenue with Laos.

In January 2023, Vietnam’s export revenue to Laos reached 27.8 million USD, down 35% over the same period in 2022 (42.8 million USD), according to statistics from the General Department of Customs.

The Vietnam-Laos Trade Fair 2022 held in Vientiane. (Photo: TRINH DUNG).

Some export items to Laos posted sudden increases in January 2023, including vegetables, with a revenue of 1.94 million USD, up 242.2% and oil and petrol with 3 million USD in revenue, up 24.9%.

Meanwhile, the total import revenue from Laos was reported at 71.4 million USD in January 2023, down 23.8% over the corresponding period in 2022. The main imported items include corn, rubber, wood, and fertiliser.

Vietnam and Laos saw a total trade revenue of 1.7 trillion USD in 2022, up 24% compared to 2021. This was an impressive growth, surpassing the target of about 1.6 billion USD set at the 44th Vietnam-Laos Intergovernmental Committee Meeting.

(Source: NDO)