Wednesday, November 14,2018 - 0:54 GMT+7  Việt Nam EngLish 

Exports to Laos and Cambodia increased 

 Monday, September 10,2018

AsemconnectVietnam - Vietnam’s exports to Laos and Cambodia increased in the first seven months of this year, showed the statistics figures of the General Department of Customs.

Exports to Cambodia increased sharply
In the first seven months, the country earned over US$2 billion from exports of goods to Cambodia, increased by 36.34 per cent over the same period of 2017, according to the statistics figures of the General Department of Customs.

In July, the country’s exports of goods to Cambodia reached $316.4 million, increased slightly by 1.87 per cent over the previous month and by 34.27 per cent over the same month of last year.
Iron and steel was leading the list of items exported by the country in the first seven months of this year with 717,500 tons worth of $462.7 million, up by 49.03 per cent in quantity and 77.87 per cent in value over the same period last year. It was followed by textiles and garments with $257.38 million, up by 36.39 per cent; and then petroleum – 432,100 tons worth of $287.27 million, up by 6.52 per cent in quantity and 32.46 per cent in value year – on – year. 

In the first seven months of this year, Vietnam’s exports of fruits and vegetables to Cambodia increased sharply by 6.42 times or 542.48 per cent to $2.1 million; wood and furniture – up by 73.37 per cent to $7.5 million; and plastics – up by 60.98 per cent to $6.6 million.

However, the exports of means of transport and spare parts to Cambodia decreased slightly by 1.64 per cent; chemicals – down by 1.31 per cent; telephones and components – down by 1.79 per cent.

Exports to Laos increased nearly 11%
In the first seven months of this year, Vietnam exported $341.2 million worth of goods to Laos, increased by 10.72 per cent over the same period last year, showed the statistics figures of the General Department of Customs.
Laos imported mostly petroleum; means of transport and spare parts; iron and steel products; machines, equipment and spare parts; and fertilizer from Vietnam.

Petroleum was leading the list of items imported by Laos from Vietnam in the first seven months of this year with 86,000 tons worth of $58.3 million, up by 3.68 per cent in quantity but down by 17.61 per cent in value over the same period last year.

Iron and steel followed with 76,200 tons worth of $56.7 million, up by 19.86 per cent in quantity and 31.2 per cent in value; and then means of transport and spare parts – up by 11.46 per cent to $32.4 million.
In the first 7 months of this year, Vietnam’s exports of coal to Laos decreased by 67.52 per cent in quantity and 50.32 per cent in value to 16,300 tons worth of $2.1 million.
Last year, the bilateral trade exchange between Vietnam and Laos reached over US$1.27 billion. Of the figure Laos exported $123.5 million worth of goods to and imported $552 million worth of goods from Vietnam.
Vietnam is now the third biggest trade partner of Laos after Thailand and China.
CK
Source: VITIC

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