Exports to Japan cross $582 mln in seven months

DSC 5619 sskm
Japan has made up over 34.7 per cent of total FDIs in the Thilawa Special Economic Zone.

The value of export to Japan in the past seven months (October-April) of the current financial year 2020-2021 touched about US$582.2 million while import was valued only at $231.87 million, according to the data of the Ministry of Commerce.
The value of trade between Myanmar and its development partner Japan exceeded over $817 million in the current FY.
Myanmar’s export items to Japan are garments, marine products, rice, black sesame, green grams, rubber and other products. In return, it imported machines and machine equipment, electronic equipment, fertilizers, chemical products, medicines, automobiles, and other products.
Bilateral trade values have registered $1.92 billion in the last FY2019-2020, $1.89 billion in the FY2018-2019, $1 billion in the 2018 mini-budget period, $1.92 billion in the 2017-2018FY, $2 billion in the 2016-2017FY and $1.84 billion in the 2015-16FY, respectively.
This FY, three enterprises from Japan were approved to make initial investments of $518 million into the country, according to the data of the Directorate of Investment and Company Administration (DICA).
Japan has made up over 34.7 per cent of total FDIs in the Thilawa Special Economic Zone.
The Japan International Cooperation Agency (JICA) offers loans such as ODA loans and two-step loans intending to bring about socio-economic development in Myanmar. — GNLM

Share this post
Hot News
Hot News
New Mobile Pay System for Toll Collection on Thanlyin Bridge 3
Laundry basket air cooler made by Shwepyitha man attracts pubic attention
Not only older people but kids also die from heat stroke
Bagan’s murals show ancient link with middle east
18 deaths inYBS accidents from January to mid-May this year
Myanmar, Russia to enhance cooperation in aerospace technology
MNHRC inspects Kengtung Prison, Tachilek Jail, Monghsat Prison, Kengtung and Tachilek Homes for the Aged, Kengtung Police Lock-up
MoH Union Minister inspects Taikkyi Township People’s Hospital
Union EP Minister inspects solar power and substation projects in Kyaukse, Thazi, Meiktila townships
MoALI holds meeting on boosting domestic cooking oil production