Imports up $1.5 bln over past five months, MOC reports

LOCAL NEWS

The value of Myanmar’s imports between 1 October and 6 March in the current fiscal year stood at US$9.18 billion, an increase of $1.5 billion from $7.65 billion registered in the year-ago period, according to data released by the Ministry of Commerce.
The value of imports in the consumer, capital, intermediate goods, and CMP businesses groups rose significantly in the current fiscal. Over the past five months, capital goods, such as auto parts, vehicles, machines, steel, and airplane parts were brought into the country. Their import value was estimated at $3.5 billion. The figure was $1.09 billion higher compared to the same period in the previous FY.
Meanwhile, Myanmar imported consumer products worth $1.54 billion, including pharmaceuticals, cosmetics, and palm oil. The imports of consumer products showed an increase of $111.5 million compared with the same period in the previous FY.
Intermediate goods make up a large share of Myanmar’s imports, with petroleum products and plastic raw materials being the main import items. In the current fiscal, imports of raw materials jumped to $3.12 billion from $2.8 billion registered during the year-ago period.
During the same period, raw materials worth $994.9 million were also imported for the Cut-Make-Pack (CMP) garment sector. — GNLM  (Translated by Ei Myat Mon)

Share this post
Hot News
Hot News