Imports up $563.8 mln as of 17 Jan, MoC reports

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The value of Myanmar’s imports between 1 October and 17 January in the current financial year was pegged at $5.85 billion, an increase of $563.8 million from $5.29 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 business groups rose significantly in the current fiscal.
In the period from October to mid-January, capital goods, such as auto parts, vehicles, machines, steel, and airplane parts were brought into the country. Their import value was estimated at $1.96 billion. The figure was $307.26 million higher compared to the same period in the previous FY.
Meanwhile, Myanmar imported consumer products worth more than $1 billion, including pharmaceuticals, cosmetics, and palm oil. The imports of consumer products showed an increase of $40.8 million compared with the year-ago period.
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 $2.117 billion from $1.96 billion registered in the year-ago period.
During the same period, raw materials worth $727 million were also imported for the Cut-Make-Pack (CMP) garment sector. — GNLM (Translated by Ei Myat Mon)

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