Vietnam – Laos trade exchange increased slightly
Thursday, February 22,2018AsemconnectVietnam - The bilateral trade exchange between Vietnam and Laos reached US$ 892.9 million in 2017, increased by 8.5 per cent over the previous year, showed the statistics figures of the General Department of Customs.
Last year, the country got $ 156.1 million of surplus in trade exchange with Laos.
In 2017, Vietnam exported $ 524.5 million worth of goods to Laos, up by 9.7 per cent year – on – year.
Petroleum was leading the list of items exported by the country to Laos last year with 158,700 tons worth of $ 88.6 million, up by 1.4 times compared with the same period last year. It was followed by iron and steel of all kinds with 108,900 tons worth of $ 74.4 million; and then means of transport and spare parts with $ 52.7 million.
Petroleum was leading the list of items exported by the country to Laos last year with 158,700 tons worth of $ 88.6 million, up by 1.4 times compared with the same period last year. It was followed by iron and steel of all kinds with 108,900 tons worth of $ 74.4 million; and then means of transport and spare parts with $ 52.7 million.
Table 1: Exports of top 10 items to Laos in the 2012-2017 period - Unit: US$ million – source: the General Department of Customs
Name of item
|
2012
|
2013
|
2014
|
2015
|
2016
|
2017
|
Iron and steel of all kinds
|
108
|
79
|
91
|
118
|
76
|
74
|
Petroleum of all kinds
|
98
|
107
|
86
|
67
|
62
|
89
|
Means of transport and spare parts
|
35
|
42
|
58
|
50
|
51
|
53
|
Machines, equipment and spare parts
|
21
|
17
|
22
|
31
|
30
|
31
|
Iron and steel products
|
15
|
14
|
19
|
28
|
28
|
39
|
Cement and clinker
|
-
|
17
|
23
|
29
|
16
|
11
|
Plastic products
|
11
|
13
|
18
|
13
|
10
|
16
|
Fertilizer
|
17
|
19
|
14
|
7
|
9
|
15
|
Confectionery and grain products
|
4
|
4
|
4
|
8
|
9
|
8
|
Coffee
|
|
1
|
|
2
|
9
|
|
Others
|
111
|
110
|
152
|
183
|
178
|
189
|
Total
|
421
|
423
|
485
|
535
|
478
|
525
|
In 2017, Vietnam imported $ 368.4 million worth of goods from Laos, up by 6.8 per cent year – on – year.
The leading items imported by the country from Laos in 2017 were fertilizer of all kinds with 217,600 tons worth of $ 46.7 million, up by 19.7 per cent year – on – year; ores and minerals - 492,000 tons worth of $ 27.8 million, down by 15.7 per cent; wood and furniture - $ 42 million, down by 46.8 per cent.
Table 2: Imports of top 5 items from Laos in the 2012-2017 period - Unit: US$ million - source: the General Department of Customs
Name of item
|
2012
|
2013
|
2014
|
2015
|
2016
|
2017
|
Wood and furniture
|
285
|
460
|
597
|
360
|
79
|
42
|
Rubber
|
13
|
29
|
31
|
40
|
51
|
0
|
Fertilizer of all kinds
|
16
|
27
|
27
|
41
|
39
|
47
|
Ores and minerals
|
19
|
28
|
41
|
27
|
33
|
28
|
Other ordinary metals
|
68
|
48
|
25
|
11
|
6
|
6
|
Others
|
44
|
78
|
81
|
107
|
137
|
245
|
Total
|
445
|
669
|
802
|
587
|
345
|
368
|
CK
Source: custom.gov.vn
Solutions proposed to improve investment environment in HCM City
Expanding markets, fruit and vegetable exports continue to increase
China is Vietnam's third largest rice import partner
DAILY: Vietnamese pepper prices rose by 500 VND on March 15, 2024
DAILY: Vietnamese coffee prices increased by 100 VND on March 15, 2024
Which product had the strongest growth of export turnover in February, earning more than 200 million USD?
China is Vietnam's largest wood chip export market
In the first 2 months of this year, textile fiber exports earned more than 666 million USD
Bright economic spots at beginning of the year
Expanded land use rights expected to attract OV investment in real estate
PM urges enhancing credit access, absorption to fuel growth
In 2023: Wood pellet export earned nearly 680 million USD
DAILY: Vietnamese pepper prices fell by 1000 VND on March 14, 2024
DAILY: Vietnamese coffee prices decreased by 100 VND on March 14, 2024
Plan of Hai Duong province for a period of 2021 - 2030, ...
Organize space reasonably and harmoniously, focusing on connecting Hai Duong in common development space, actively contributing to the ...Plan of Hau Giang province in a period of 2021 - 2030, ...
Sustainable forestry development program in a period of ...
Supporting industry development program in Da Nang city in ...
Implementation plan of Scheme on promoting agricultural, ...
Hanoi harnesses “soft power” of culture in development
Since joining the UNESCO Creative Cities Network in the “Design” category in 2019, Hanoi has organised a multitude of activities relating ..."Happy Tet 2024" to open in Hanoi
Vietnamese literary works served up at Brussels restaurant