Meanwhile, China remained the top export destination for the country and was followed by Thailand, with US$156 million and US$128 million, respectively.
At the same time, Vietnam was also the third among the countries from which Laos imported the most with a total value of about US$21 million. Thailand topped the list while China came second with US$255 million and about US$121 million, respectively.
The Laos’ total trade value in the month amounted to US$935 million, of which US$461 million were exports. The country recorded a trade deficit of US$13 million.
Laos' main exports included cassava, mixed gold and goal bars, copper ore, salt, paper and paper products, bananas, clothes, pulp and paper scraps, sugar, and iron ore.
The country's main imports included diesel, mechanical equipment, land vehicles, gasoline, auto spare parts, steel and steel products, plastic products, electrical wires and cables, electric appliances and electrical equipment, wood pulp and paper waste.
Bilateral trade between Vietnam and Laos reached US$99.2 million in January, a year-on-year decrease of 27.3%.
Vietnamese shipments to Laos were valued at US$27.8 million, down 35% from a year ago, while its imports from Laos reached US$71.4 million, a year-on-year decline of 23.8%.
Two-way trade revenue between Vietnam and Laos in 2022 grew 24% year-on-year to reach some US$1.7 billion.
Vietnam exported 656 million USD worth of goods to the neighboring country in 2022, up over 10%. They included mainly oil and gas, fertilisers, steel, machinery and accessories, and means of transport. Meanwhile, Vietnam’s imports were valued at over US$1 billion, a year-on-year rise of 35%, with main items including wood and wood products, fertilisers, rubber and corn.
