The Myanmar-France bilateral trade value exceeded US$234 million this fiscal year (FY), including $176 million in imports, which was greater than the value of exports, according to the latest statistics of the commerce ministry.
From last April to this February, Myanmar exported a wide range of domestically produced products to France, valued at $68.187 million. In February alone, bilateral exports were valued at $9.957 million.
Myanmar exports vegetables, certain roots and tubers, clothing accessories, textile products, charcoal, pearls and wood to France, while its imports from the European member state cover machinery, mechanical appliances, plastic products, pharmaceutical products, glassware, paper and paperboard.
According to the ministry’s data, trade between the two countries amounted to $176 million last FY. The bilateral trade was $110 million in the 2015-2016 FY, $61 million in the 2014-2015 FY, $36 million in the 2013-2014 FY, $48 million in the 2012-2013 FY and $81 million in the 2011-2012 FY.
France’s investment in Myanmar reached $7.34 million through 14 projects in the current FY, according to the Directorate of Investment and Company Administration (DICA).