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 US$1.7 billion in the first nine months, down 39.4% year-on-year.
According to reports from the People’s Committee of the northwestern province, nine-month exports reeled in US$708 million, 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 US$460.05 million 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.