Laos trade deficit reached US$34mil in October

Among Laos' leading exports are bananas.

VIENTIANE (Xinhua): Laos recorded a trade deficit of over US$34 million in October 2020, according to the latest information from the Lao People's Democratic Republic Trade Portal website.

Laos' exports during October were worth US$347 million, while the value of imports was $382 million, according to the report.

The country's leading exports included copper ore, pulpwood and waste paper, copper and copper products, bananas, corns, sugars, clothing, electrical equipment and appliances, along with gold bars and camera parts.

The main imports included mechanical equipment (excluding motor vehicles), electrical equipment and appliances, steel and steel products, diesel, land vehicles excluding motorcycles, plastic products, vehicle spare parts including mirrors and chains as well as fertilizers.

China remained the top export destination for Laos, followed by Vietnam and Thailand, while the main countries for imports are Thailand, China and Vietnam, according to the report.

These figures don't include earnings from the export of electricity and will be updated when available.

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