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VietNamNews

Viet Nam sees trade deficit with Laos in nine months

Update: October, 09/2013 - 11:05

Wood and timber products, and metals and minerals were the two key groups of import items, valued at $246.7 million and $18.5 million, respectively.— File Photo

HA NOI (VNS) — Viet Nam experienced a significant trade deficit with Laos over the past nine months, according to the Viet Nam Customs.

During the period, Viet Nam exported US$329 million worth of goods to Laos, up 12.3 per cent year-on-year, while it spent $394.6 million on imports, up 10.3 per cent.

Wood and timber products, and metals and minerals were the two key groups of import items, valued at $246.7 million and $18.5 million, respectively.

Despite the encouraging export growth, the market share of the Vietnamese products in Laos remained low. — VNS

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