Laos recorded a total trade value of US$762 million for imports and exports in August 2020, comprising US$377 million worth of exports while about US$384 million was expended on imported goods
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Importers and exporters in Laos are grappling with several challenges despite the government’s active efforts to reduce procedures and trade barriers.
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The value of Laos’ exports this year have dropped from US$410 million in January to US$209 million in April because of the impact of the global Covid-19 pandemic.
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Businesses engaged in foreign trade have asked the government to allow imports and exports via local and traditional border checkpoints
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The Ministry of Industry and Commerce has reported that the value of imports and exports climbed to more than 33.82 trillion kip (US$4.22 billion) in the first six months of this year, 11.8 percent more than in the same period last year.
The export value rose due to larger exports of minerals, electricity, garments and agricultural and wooden products. Thailand was Laos’ main export market followed by Vietnam, China, Germany, Japan and the Netherlands.
In the imports category, the value exceeded …..