Trade deficit in Laos reaches US$54mil in May


  • Laos
  • Tuesday, 29 Jun 2021

Bananas are among Laos' main export products. - Bloomberg

VIENTIANE (Xinhua): Laos recorded a trade deficit of US$54mil in May 2021, according to the latest information from the Lao Trade Portal website.

Laos' exports in May totalled US$425mil and imports totalled US$479mil, according to the report.

Laos' main export products are copper ore, bananas, mixed gold (gold bars), cassava, clothes, raw coffee, sugar, rubber, fruit (watermelons, passion fruit and tamarind) and sawn wood.

The main imported products are vehicles (other than motorcycles and tractors), electrical devices and equipment, diesel, mechanical equipment (other than motor vehicles), steel, steel products, magnetic steel, beverages (water, soda, energy drinks), auto parts (including glass and chains), plastic products, fertilizer and food factory waste.

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

The main countries for imports are Thailand, China, and Vietnam.

These figures did not include earnings from the export of electricity.

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Laos , trade , deficit , May , 2021

   

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