External trade exceeds $9.4 billion in current FY

Myanmar’s regional trade via the sea route brought in US8.6 billion. Photo Phoe Khwar
Myanmar’s overseas trade brings $33.5 billion in the 2017-2018 FY.  Photo : Phoe Khwar

External trade between Myanmar and international countries totalled US$9.453 billion in the current six-month interim fiscal period commencing this April, an increase in value by $1.146 billion against the same period last fiscal year (FY), according to the Ministry of Commerce.
The country’s imports are usually greater than its exports. Between 1 April and 6 July this year, Myanmar exported domestic commodities amounting to $4.110 billion and imported $5.342 billion worth of foreign products.
During the period, Myanmar’s exports and imports via sea routes reached $7.297 billion, while trade through border stations were $2.156 billion. When compared with the same period last year, the country’s border trade increased by $265 million and its non-border trade also rose by $881 million.
Myanmar’s export items are divided into seven groups, including agricultural, forest, marine and animal products, minerals, manufactured products and other miscellaneous products.
The country imports three major groups of commodities, consisting of capital goods, intermediate products and consumer goods.
The country’s overseas trade was $33.5 billion in the 2017-2018 FY, which went up by $4.3 billion in comparison with the 2016-2017 FY.
According to the ministry’s yearly statistical report, the value of foreign trade was $27.7 billion in the 2015-2016 FY, $29.2 billion in the 2014-2015 FY, $24.9 billion in the 2013-2014 FY, and $18.045 billion in the 2012-2013 FY.

 

Shwe Khine

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