Laos registers trade surplus in first quarter
Laos has registered a US$95 million trade surplus in the first quarter of 2017 following an historic trade surplus over the 2015-2016 fiscal year, the government told the National Assembly this week. Officially-recorded export over 2017’s first three months was valued at US$1,212 million, while import was recorded at US$1,117 million, the Minister of Planning and Investment Dr Souphanh Keomixay told the ongoing ordinary session of the NA on Tuesday. The export value represented 27.2 percent of the total target set for the whole year while imports represented 24.9 percent. The three-month trade surplus was recorded after Laos registered its first trade surplus in its history over the 2015-2016 fiscal year in which the 12 months of the fiscal year started from October through September, which was previously used as financial year.
