Export to the Netherlands exceeds $100 million from April to June

Container ships docking at Botahtaung harbour in Yangon. Photo: Phoe Khwar
Container ships docking at Botahtaung harbour in Yangon. Photo: Phoe Khwar

Myanmar’s export to the Netherlands from April to June surpassed its import, with export worth US$100.3 million and import valued only $6.5 million, according to figures of the Ministry of Commerce.
The value of trade between Myanmar and the Netherlands reached $109.96 million in the first three months of the six-month mini-budget period, prior to the 2018-2019 fiscal year.
Myanmar exports agro products such as oil seeds and vegetable oil and men’s and women’s shirts, parasols (traditional Pathein umbrellas), and fishery products, while dairy products, consumer goods and raw industrial materials are imported from the Netherlands.
Bilateral trade was registered at $211.57 million in the 2017-2018 FY, $141million in the 2016-2017 FY, $61 million in the 2015-16 FY, $42 million in the 2014-2015 FY, $26 million in the 2013-2014 FY, $9 million in the 2012-2013 FY and $23 million in the 2011-2012 FY.
The Netherlands is listed among the top ten investor countries in Myanmar. A capital of $1.5 billion has been brought into the country since the 1988-1989 FY, according to the statistics of the Directorate of Investment and Company Administration.
Multinational corporations headquartered in the Netherlands—Shell, Unilever and Phillips—are also doing business in Myanmar. —GNLM

Share this post
Hot News
Hot News