Maritime trade totals $8.59 bln as of 8 February

DSC 0570 copy
A container vessel is seen near Yangon Port which is the main gatway for sea trade. Photo: Phoe Khwar

Myanmar’s trade value by sea from 1 October to 8 February in the current fiscal year (Oct 2018- Sep 2019) was estimated at US$8.59 billion, which is up by over $124.7 million compared to the corresponding period of last fiscal year 2017-2018, according to the data of the Ministry of Commerce.
Over four-month period, import through sea routes outperformed export, with export worth $3.15 billion and imports valued $5.43 billion. Export showed increase of $417.9 million while import value declined by $293 million compared with the trade values of last FY.
In the same period, the value of trade through border camps was over $3.4 billion. External trade both through sea route and border gates amounted to over $12 billion, which increased from $11.8 billion of last FY.
The country exports agricultural products, fishery products, minerals, livestock, forest products, finished industrial goods and other products while capital goods, personal goods and raw industrial materials are imported into Myanmar.
Myanmar currently has nine ports to facilitate sea trade. However, the Yangon Port is the main gateway for sea trade, which consists of the Yangon inner terminals and outer Thilawa Port.

 

Mon Mon
(Translated by Ei Myat Mon)

Share this post

Comments

Hot News
Hot News