Exports to Japan top $694 mln in nine months

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The value of trade between Myanmar and its development partner Japan exceeded over $966.66 million in the current FY. Japan is placed as the third-largest exporting country of Myanmar.

THE value of export to Japan in the past nine months (October-June) of the current financial year 2020-2021 touched about US$694.964 million while import was valued at only $271.7 million, according to the data of the Ministry of Commerce.
The value of trade between Myanmar and its development partner Japan exceeded over $966.66 million in the current FY. Japan is placed as the third-largest exporting country of Myanmar.
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 FDI 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. – KH/GNLM

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