Imports, exports via Lao Cai border down 39.4% in value
The import and export value of goods and services transferred via Lao Cai province’s international border gates neared 1.7 billion USD in the first nine months, down 39.4% year-on-year.
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| At the Kim Thanh II international border gate in Lao Cai. (Photo: VNA) |
According to reports from the People’s Committee of the northwestern province, nine-month exports reeled in 708 million USD, a year-on-year drop of 31.28%. Key export products included peeled wood, dried cassava and fruit.
Meanwhile, the import value was down 18.58% to 460.05 million USD in the reviewed period. Key imports were mostly coke, fertiliser, chemicals and consumer goods.
Due to COVID-19, fruit exports to China via the Kim Thanh II international border gate fell by more than 90%.
Hoang Chi Hien, Director of the provincial Department of Industry and Trade, said the volume of customs clearance activities remains limited at local sub-border gates.
Trade at the international railway border gate is continuing as normal, he added.
(Source: VNA)
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