Trade deficit in Laos reach 99 mln USD in July

Laos recorded a trade deficit of 99 million U.S. dollars in July 2021, according to the country's trade portal website.

Laos' exports during July were worth 374 million U.S. dollars, while the value of imports was 473 million U.S. dollars, according to the report.

The country's leading exports included copper ore, bananas, camera parts, mixed gold (gold bars), clothes, raw coffee, rubber, fruit (watermelons, passion fruit and tamarind), and tobacco.

The main imports included electrical devices and equipment, vehicles (other than motorcycles and tractors), diesel, mechanical equipment (other than motor vehicles), steel and steel products, vehicle spare parts (including glass and chains), premium and regular grade fuel, plastic products, fertilizer, and food factory waste.

Most of Laos' exports go to China with 149 million U.S. dollars worth of goods sold in July. Goods sold to Vietnam were valued at 71 million U.S. dollars, goods sold to Thailand were valued at 54 million U.S. dollars.

China remained the top export destination for Laos, followed by Vietnam and Thailand, while the main countries for imports are Thailand, China and Vietnam, according to the report.

These figures do not include earnings from the export of electricity.