Laos-Japan trade value surges to US$290.5 million in 2022

The value of trade between Laos and Japan in 2022 was estimated at US$290.5 million, with imports valued at US$149.8 million and exports at US$140.6 million.
Minister of Industry and Commerce Mr Malaythong Kommasith reported the figures when meeting with a Japanese delegation in Vientiane.

Shipping containers against the backdrop of the Lao and Japanese flags.

He recalled that in 2010 the Lao government received assistance from the Japanese government in carrying out a preliminary feasibility study on the construction of an industrial estate, named the Vientiane Industrial Park.
JICA specialists completed the preliminary project design and survey and gave the final report to the Lao government in 2011.
The Ministry of Industry and Commerce then sought funding to build the industrial park. The Japanese government agreed to provide a low-interest loan, but the Lao government first had to pay compensation to land use rights holders currently occupying the project site, which delayed the start of construction.
The ministry has asked the Ministry of Natural Resources and Environment for land use rights so the project can proceed. Meanwhile, the ministry is considering funding from the Japanese Ministry of Economy, Trade and Industry so that training can be organised and a chemical database created.
Goods imported by Laos from Japan in 2022 included vehicles (except motorcycles and tractors), vehicle spare parts, glass and glassware, tractors, electrical appliances and equipment, synthetic fibres, plastic appliances, cotton and cotton products, mechanical equipment (except that used for vehicles) and other items.
Lao products exported to Japan in 2022 included shoes, chemical products, electrical goods, perfume, cosmetics, poultry feathers, potassium salt, coffee, chemical products, bananas and other fruit, sports equipment, seeds, straw and grass, paper and paper products.

By Times Reporters
 (Latest Update June 15, 2023)