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Of which, Vietnam’s export income hit 130 million USD, down 18 p.c over the identical interval, whereas its imports from Laos picked up 52.4 p.c year-on-year to 272 million USD.
Commodities that loved excessive development within the interval embody fertiliser, petrol, electrical wire and cable with year-on-year rises of 161.6 p.c, 142.3 p.c and 42.5 p.c, respectively.
Objects that skilled a drop in export income embody espresso with 80.7 p.c, frequent metals and completed merchandise with 76.6 p.c, wooden and wood merchandise with 49.7 p.c.
Information from the commerce workplace confirmed an increase in income of all gadgets imported from Laos. Notably, Vietnam spent greater than 28 million USD importing Lao ore and minerals, 405 p.c greater than the identical interval final yr.
It attributed the lower in Vietnam’s export turnover and rise in import turnover within the first quarter of this yr to the truth that costs of merchandise imported from Laos have surged as a result of a shortage in provide brought on by the Russia-Ukraine battle.
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