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Laos Sees Trade Deficit for Fifth Straight Month in May

Source: The Star

Laos recorded a trade deficit of US$151 million in May, marking the fifth straight month of trade deficit in 2024.

The total value of trade in May amounted to over US$1.1 billion, of which US$483 million was for exports and 634 million dollars for imports, according to a report by the Lao Trade Portal website on Friday.

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Laos recorded a trade deficit of US$198 million in April, 81 million dollars in March, 40 million dollars in February, and 188 million dollars in January, according to the website, Enditem.