Exports to Japan exceed $800 mln in H1 2019-2020FY

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A man loads raw rubber sheets onto a vehicle in Thaton, Mon State . Photo: Khun (Win Pa)

The value of export to Japan in the first half (October-March) of the current fiscal year 2019-2020 touched over US$817.48 million while import was valued only $341.35 million, according to the data of the Ministry of Commerce.
The value of trade between Myanmar and its development partner Japan exceeded over $1.15 billion in the current fiscal.
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 were registered at $1.89 billion in the last FY2018-2019, $1 billion in the 2018 mini-budget period, $1.92 billion in the 2017-2018 FY, $2 billion in the 2016-2017 FY and $1.84 billion in the 2015-16 FY respectively.
This FY, two enterprises from Japan were approved to make initial investments of $52.63 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 FDI in the Thilawa Special Economic Zone, with the estimated value of $678.78 million as of April 2020 since its establishment in the 2014-2015 fiscal year.
The Japan International Cooperation Agency (JICA) offers loans such as ODA loan and two-step loan to bring about socio-economic development in Myanmar. —GNLM (Translated by Ei Myat Mon)

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