Laos-Vietnam trade over $1bn in 2018

13 January, 2019 12:00 AM printer

VIENTIANE: The combined trade value of imports and exports between Laos and Vietnam rose and crossed the one billion U.S. dollars mark in 2018.

According to daily Vientiane Times on Friday, in 2018, Laos earned about 723.5 million U.S. dollars from goods exported to Vietnam and spent 552.2 million U.S. dollars on imported goods, according to the Ministry of Industry and Commerce, reports Xinhua.

The main items exported to Vietnam were drinking water, minerals and wood products, and agricultural products such as rubber, coffee, maize, cassava, rice and cattle.

In contrast, imports were focused on key groups such as petroleum, fertilizer, steel, machinery, electrical equipment, construction materials and spare parts.