Myanmar earns over US$1 billion in trade surplus

Leader of the Information Team of the State Administration Council Maj-Gen Zaw Min Tun stated that Myanmar amounted to over US$1 billion of trade surplus under the government of the State Administration Council at the press conference of SAC on 18 November.
Despite the trade deficit under the last government, the current State’s trade value resulted in a positive trade balance of over US$1 billion, he added.
A trade surplus of $677.226 million was recorded, as exports surpassed imports in both the six months duration of the 2021-2022 Financial Year and the FY2020-2021. The data showed a trade deficit of more than $1.3 billion in the 2019-2022FY.
Myanmar uses border and maritime trade channels in international trade. Over $1 billion of trade surplus resulted from shipping more tonnes of rice, broken rice, beans and pulses than before. — TWA/GNLM