List of Vietnamese products exported to Laos market

According to the latest data from the General Department of Customs, Vietnam's goods exports to Laos in the first 7 months of 2024 reached 355.3 million USD, up 14.3% over the same period last year.

Vietnam exported 19 main products to the Lao market. Petroleum was the largest export item with a turnover of 43.6 million USD, up 25.6% over the same period last year. The amount of petroleum exported to Laos also increased by 24.3% over the same period last year, reaching 53,145 tons.

Petroleum is Vietnam's largest export item to Laos with a turnover of 43.6 million USD. Illustrative photo

Iron and steel products were the second largest item with 27.9 million USD, up 14.8% over the same period last year. In contrast, iron and steel products exported to Laos decreased by 27.9% over the same period last year, to 18.3 million USD; volume also decreased by 17.1% over the same period last year, to 25,759 tons.

Vietnam also exported machinery, equipment, tools and other spare parts to Laos with 26.2 million USD, up 6.9% over the same period last year; means of transport and other spare parts reached 23.3 million USD, up 15.3% over the same period last year.

Notably, the export turnover of chemical products to Laos recorded a growth of 857% over the same period last year, from 2.6 million USD in the same period last year to 24.9 million USD in the first 7 months of 2024. The export turnover of wood and wood products to Laos also increased by 150% over the same period, to 5.5 million USD.

In the agricultural group, Vietnam exported animal feed and raw materials to Laos with a turnover of 14.6 million USD, up 22.6% over the same period last year; followed by vegetables and fruits with 9.2 million USD, down 56% over the same period last year.

Vietnam exported 40,025 tons of fertilizer to Laos with a turnover of 15.7 million USD, up 23% and 30.8% year-on-year, respectively.

In terms of prices, the average export price of gasoline and oil to Laos reached 820.5 USD/ton, a slight increase of 0.9% compared to the same period last year; fertilizer exports were at 394.4 USD/ton, an increase of 6% compared to the same period last year. Meanwhile, the average export price of iron and steel from Vietnam to Laos decreased by 13% compared to the same period last year, to 712.7 USD/ton; clinker and cement also decreased by 28.6% compared to the same period last year, to 68.9 USD/ton.

On the other hand, according to data from the General Department of Customs, Vietnam spent 763.8 million USD to import goods from Laos in the first 7 months of 2024, an increase of 17.7% over the same period last year.

Vietnam imported 9 main items from Laos in the first 7 months of 2024. Of which, rubber was the import item with the largest value at 119 million USD, up 28.2% over the same period. The amount of rubber imported from this market also increased by 13% over the same period last year, from 80,519 tons to 90,998 tons.

Vietnam spent 82.9 million USD to import 1.26 million tons of coal from Laos. Illustrative photo.

Vietnam also spent 82.9 million USD to import 1.26 million tons of coal from Laos, down 28.7% in value and 16.5% in volume compared to the same period last year.

In the first 7 months of 2024, Vietnam imported 1.28 million tons of ores and other minerals from Laos with a turnover of 46.6 million USD, up 18.8% in volume and 23.9% in turnover. Currently, Laos is the largest supplier of this item to Vietnam in ASEAN, ahead of Thailand, Cambodia, Malaysia, Myanmar and Singapore.

Vietnam also spent 59.3 million USD to import wood and wood products from this Southeast Asian country, compared to the same period last year, recording a decrease of 5.8% in turnover.

In the agricultural group, Laos exported 211,944 tons of fertilizer to Vietnam with a value of 54.9 million USD, up 47.2% over the same period last year in volume and 4.1% over the same period last year in value. The amount of corn imported from Laos reached 74,589 tons, up 23.4% over the same period last year, however, the value decreased 11.8% over the same period last year, to 18.6 million USD. In this group, Vietnam also imported vegetables and fruits from Laos with 2 million USD, down 16.6% over the same period last year.

In 2023, bilateral trade will reach 1.63 billion USD; of which, Vietnam will export 533.5 million USD and import 1.1 billion USD.

In the first 7 months of 2024, trade between the two countries reached 1.12 billion USD, equivalent to about 68% of last year.

Source: https://congthuong.vn/diem-danh-nhung-mat-hang-viet-nam-xuat-khau-sang-thi-truong-lao-345006.html