Imports down by $120 mln last month, reports MoC

DSC 5617 mk
The top 10 import countries to Myanmar are China, Singapore, Thailand, Malaysia, Indonesia, India, Viet Nam, Japan, the Republic of Korea and the US, as per data of the Ministry of Commerce.

THE value of Myanmar’s imports between 1 and 29 October of the current mini-budget period 2021-2022 (October-March) sank to $1 billion, which reflects a drop of $121.98 million compared to the year-ago period, the Ministry of Commerce’s data indicated.
The import value stood at US$1.12 billion the last FY2020-2021.
The imports of capital goods declined last month, while the other import groups (consumer, intermediate goods, and CMP businesses) witnessed a slight increase.
Last month, capital goods, such as auto parts, vehicles, machines, steel, and aeroplane parts were brought into the country. Their import value was estimated at $170.18 million. The figure was over $229.5 million lower than those values registered in the same period of the previous FY.
Meanwhile, Myanmar imported consumer products worth $262.38 million, including pharmaceuticals, cosmetics, and palm oil. The imports of consumer products showed a slight decrease of $3 million compared with the same period in the previous FY.
Intermediate goods make up the largest share of Myanmar’s imports, with petroleum products and plastic raw materials being the main import items. This year, imports of raw materials climbed up to $413 million from $326.4 million registered during the year-ago period.
During the same period, raw materials worth over $153 million were also imported for the Cut-Make-Pack (CMP) garment sector, showing an increase of $26.48 million compared with last FY.
The top 10 import countries to Myanmar are China, Singapore, Thailand, Malaysia, Indonesia, India, Viet Nam, Japan, the Republic of Korea and the US, as per data of the Ministry of Commerce. — KK/GNLM

Share this post
Hot News
Hot News
Yangon circular train services temporarily suspended for Thingyan Festival
One of the most consumed, Nga-gyi-gan fish price higher in the market
Myanmar Rescue Organization provides water to insufficient areas and plans to continue to help
Putao to Mt Hponkanrazi climbing tour arranged in April to enjoy the greatest beauty with dense snow caps
Car rental for travelling recently increases, day trips around Yangon rise
Promoting yam eating culture in Myanmar to develop domestic market
SAC Chairman Commander-in-Chief of Defence Services Senior General Thadoe Maha Thray Sithu Thadoe Thiri Thudhamma Min Aung Hlaing delivers speech at 79th Anniversary of Armed Forces Day parade
Tatmadaw families led by Senior General Min Aung Hlaing and wife pay respect to retired senior military officers who attended 79th Anniversary of Armed Forces Day ceremony
SAC Chairman, senior military officers pay tribute at Memorial to Fallen Heroes in Nay Pyi Taw
Senior General: National Defence and Security Council to facilitate transition to democratically elected government