Laos records US$154mil in trade deficit in July

VIENTIANE: Laos recorded a trade deficit of US$154 million in July, according to the latest figures from the Lao Trade Portal website.

Total value of trade in July amounted to over $1.2 billion, of which $533 million were for exports and $687 million for imports, said a report issued on Wednesday (Aug 14) from the website.

Laos' main export products included mixed gold, electric equipment, salt, rubber, paper, wasted wood, sugar, cassava flour, copper ore and cassava.

The country's main imports included diesel, mechanical equipment, finished chemical products, land vehicles, electrical appliances, steel, plastic products, gasoline, vehicle spare parts and beverages.

China, Vietnam and Thailand are among leading export destinations for Lao products. Meanwhile, major import sources to Laos included China, Thailand and Vietnam, according to the report. - Xinhua