MOIT VIETNAM | According to the most recent data, which can be found on the website of the Lao Trade Portal, the country of Laos racked up a trade deficit

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According to the most recent data, which can be found on the website of the Lao Trade Portal, the country of Laos racked up a trade deficit

23rd September 2022 post by MOIT Vietnam

According to the most recent data, which can be found on the website of the Lao Trade Portal, the country of Laos racked up a trade deficit during the month of November 2022 that was equivalent to 45 million dollars in terms of the currency that is used in the United States. This figure is expressed in terms of the currency that is used in the United States.

According to a post that was published on the website of the Lao Trade Portal on Tuesday, the utilization of the China-Laos railway has apparently made it simpler to export and import commodities. This is demonstrated by the fact that the railway connects the two countries. This information was compiled from a wide variety of reports, all of which are referenced in the text. As a consequence of this, it is possible to save both time and money, which, in turn, makes the numerous shipping choices that are available to businesses more enticing.

The value of all goods and services traded reached a total of 1,083 million dollars during the month of November, with exports accounting for 519 million dollars and imports accounting for 564 million dollars, respectively. This represents an increase from the previous month's total of 942 million dollars.

The majority of Laos' exports consisted of gold in its many forms, such as bars and mixed gold; wood pulp and paper scraps; paper and paper products; potassium salt; gold ore; textiles, sugar, and footwear; and bananas. Gold was the country's most valuable export. Gold was by far the most precious product that was shipped out of the country.

The majority of the country's imports consisted of diesel, mechanical equipment, land vehicles, precious and semi-precious stones, wood pulp and paper scraps, steel and iron products, gasoline, plastic products, electrical equipment, and car spare parts. Other major imports included precious and semi-precious stones, wood pulp and paper scraps, precious and semi-precious stones, and precious and semi-precious stones. In addition to these, other significant imports included wood pulp and paper scraps, precious and semiprecious stones, precious and semiprecious stones, and precious and semiprecious stones. Other significant imports included valuable and semi-precious stones, wood pulp and paper wastes, and precious and semi-precious stones. In addition, a significant amount of precious and semiprecious stones was imported. In addition to wood pulp and paper scraps, the country's most important imports included precious and semiprecious stones, precious and semiprecious stones, and precious and semiprecious stones. The importation of land vehicles, wood pulp and paper wastes, precious and semiprecious stones, and precious and semiprecious stones were also among the most important categories. Additionally included in the imports were land vehicles. Additionally, the country's imports of precious and semiprecious stones were of substantial importance to the economy.

The most important export market for Laos has been and will continue to be China, followed in importance by Vietnam, and then Thailand in that order.The outcomes of the investigation indicated that Vietnam, Switzerland, China, and Thailand are the top five nations from which Laos obtains commodities. This list includes contains a number of references to the United States of America, which are presented in a variety of formats.