Import value of consumer goods exceeds $17.8 billion this FY

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An ocean liner carrying containers is seen.  Photo: Phoe Khwar

The value of imported consumer goods reached US$17.819 billion, including $1.023 billion through the government sector and $16.795 billion through the private sector, according to the official statistical report of the commerce ministry.
The import value increased by $1.636 billion between April 2017 and mid-March this year, compared with the same period one year earlier when the country imported consumer goods worth $16.182 billion.
Myanmar chiefly imports luxury products, personal goods, construction materials, agricultural machinery, raw materials, household goods, food items and electronic devices from neighbouring countries.
The import of consumer goods continues to increase each year. The import value was $1.245 billion in the 2011-12 FY, $1.4 billion in the 2012-13 FY, $2.3 billion in the 2013-14 FY, $2.9 billion in the 2014-15 FY, $3.5 billion in the 2015-16 FY, and more than $4 billion in the 2016-17 FY.
Myanmar’s major international trading partners include China, Thailand, Singapore, India, Japan, Hong Kong, Korea, Malaysia, Germany, Indonesia, the United States and the United Kingdom.

 

Khine Khant

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