According to statistics of the General Department of Customs, the export turnover of Vietnamese goods to Laos in the first two months of 2022 reached 75.7 million USD, down 21.8% over the same period in 2021.
The item with the largest export turnover to the Lao market in February 2022 is iron and steel of all kinds, reaching $ 4.9 million, down 31.3% compared to the previous month, in the first 2 months of the year, reaching 12 million USD. $0.1 million, up 31.7% over the same period in 2021, accounting for 16% of export proportion.
Next is the group of products from iron and steel, worth 9 million USD in the 2 months of 2022, down 9.2% over the same period last year, accounting for 11.9% of the export proportion.
In addition, Vietnam also exports other products to the Laos market: exporting machinery, equipment, tools and other spare parts; plastic products; fruit and vegetable products; confectionery and cereal products; paper and paper products; Petroleum; fertilizer; ceramics.
To be able to take advantage and promote development opportunities, overcome difficulties and challenges, especially the negative impacts of the Covid-19 pandemic, Vietnamese businesses need to improve their initiative to exploit Exploit all the advantages of exporting to Laos, increasing the export scale.
In the current context, it is necessary to strengthen linkages, form production and supply chains, and build Vietnamese brands in Laos, creating a firm foothold for Vietnamese goods in the Laos market. In the immediate future, Vietnamese enterprises can coordinate with Lao enterprises to build and form production-supply chains for products that the two countries have advantages such as exploitation, processing, and export of wood and wood products. ; manufacturing and exporting rubber products, coffee, cashew nuts, textile products… branded with Vietnamese goods.
Exporting Vietnamese goods to Laos in the first 2 months of 2022
(Calculation of data published on 9/3 by the General Department of Customs)