Laos recorded a commerce deficit of USD 129 million in August, marking the eighth straight month of commerce deficits in 2024, in keeping with knowledge launched by the Lao Commerce Portal (LTP).
The full worth of imports and exports for August reached USD 1.2 billion, with exports accounting for USD 541 million and imports totaling USD 670 million. These figures exclude the worth of electrical energy imports and exports.
Key export items included electrical home equipment, gold, rubber, paper, gold ore, pulp, sugar, potassium salt, cassava flour, and cassava. However, main imported items included diesel gas, mechanical gear, land autos, completed chemical merchandise, electrical home equipment, metal, plastic items, auto components, gasoline, and drinks.
Laos’ principal export locations have been Vietnam, China, Thailand, america, and Switzerland. In the meantime, key import companions included Thailand, China, Vietnam, america, and Japan.
Compared, Laos recorded a commerce deficit of USD 154 million in July, persevering with a regarding development of unfavourable commerce balances all through 2024.
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