Imports up $270 mln as of 20 Dec, MOC reports


The value of Myanmar’s imports between 1 October and 20 December in the current financial year stood at US$4.27 billion, an increase of $270 million from $4 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 two months, capital goods, such as auto parts, vehicles, machines, steel, and airplane parts were brought into the country. Their import value was estimated at $1.4 billion. The figure was $143 million higher compared to the same period in the previous FY.
Meanwhile, Myanmar imported consumer products worth $799 million, including pharmaceuticals, cosmetics, and palm oil. The imports of consumer products showed a rise of $45.6 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 $1.53 billion from $1.49 billion registered during the year-ago period.
During the same period, raw materials worth $531.4 million were also imported for the Cut-Make-Pack (CMP) garment sector. — GNLM
(Translated by Ei Myat Mon)

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