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Vietnam – Laos trade exchange strengthened in first quarter 

 Friday, May 4,2018

AsemconnectVietnam - The bilateral trade exchange between Vietnam and Laos reached US$ 253 million in the first quarter of this year, increased by 7.1 per cent over the same period last year, showed the statistics figures of the General Department of Customs.

Of the figure, Vietnam exported $ 135.56 million worth of goods to Laos, up by 0.3 per cent year – on – year. 

The major items exported by the country to Laos in the first quarter of this year included iron and steel of all kinds - $ 25.33 million, up by 51.5 per cent; petroleum of all kinds - $ 20.77 million, down by 22.6 per cent; means of transport and spare parts - $ 13.63 million, up by 6.1 per cent; iron and steel of all kinds - $ 8.88 million, up by 12.1 per cent; machines, equipment and spare parts - $ 8.35 million, up by 18 per cent; fertilizer of all kinds - $ 4.11 million, up by 25 per cent; plastic products - $ 2.9 million, down by 28.2 per cent; fruits and vegetables - $ 2.6 million, up by 28.7 per cent; cement and clinker - $ 2.1 million, down by 24 per cent; confectionery and grain products and grain products - $ 2.1 million, down by 3.4 per cent; ceramic and porcelain products - $ 1.8 million, up by 20 per cent; electric wires and cables - $ 1.5 million, up by 11 per cent; paper and products - $ 1.1 million, up by 9.7 per cent; textiles and garments - $ 860,000, down by 44.3 per cent; ordinary metals and products - $ 676,000, down by 37.6 per cent; non – wooden furniture - $ 331,000, up by 175 per cent; and coal – $ 160,000, down by 94.7 per cent.

Also in the first quarter of this year, Vietnam imported $ 117.5 million worth of goods from Laos, up by 16.3 per cent year – on – year. The main items imported by the country from Laos in the first quarter of this year were fertilizer of all kinds - $ 10.3 million, up by 16.6 per cent; wood and furniture - $ 6.2 million, up by 143.2 per cent; ores and minerals - $ 5.5 million, down by 32.7 per cent; other ordinary metals and products - $ 4.3 million, up by 156.2 per cent; and corn - $ 137,000, down by 39 per cent.

Vietnam’s exports of goods to Laos in the first quarter of 2018 -
Unit: US$ - source:VITIC – according to the figures of the General Department of Customs
Item
March of 2018
March of 2018 vs. February of 2018 (%)
First quarter of 2018
First quarter of 2018 vs. same period of 2017 (%)
Total export turnover
55,666,059
96
135,559,441
0.3
Iron and steel of all kinds
11,363,755
198.77
25,333,536
51.45
Petroleum of all kinds
6,824,967
18.35
20,770,003
-22.6
Means of transport and spare parts
5,475,145
115.42
13,630,545
6.14
Iron and steel products
4,374,889
144.16
8,878,076
12.13
Machines, equipment and spare parts
3,466,463
319.62
8,353,945
18.03
Fertilizer of all kinds
2,212,262
241.16
4,114,965
25.03
Plastic products
1,177,226
29.78
2,970,243
-28.21
Fruits and vegetables
822,783
5.35
2,603,937
28.72
Confectionery and grain products
729,441
44.94
2,115,194
-3.5
Cement and clinker
736,845
33.61
2,108,919
-24.05
Ceramic and porcelain products
820,556
100.15
1,892,310
20.05
Electric wires and cables
667,288
343.5
1,543,372
11.04
Paper and products
511,915
134.25
1,160,949
9.75
Textiles and garments
415,724
192.09
860,175
-44.33
Other ordinary metals and products
386,968
1.093.17
676,375
-37.64
Non – wooden furniture
95,445
-25.55
331,118
175.73
Coal of all kinds
65,946
-30.01
160,172
-94.78
CK
Source: VITIC

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