Maritime trade up $1 bln current fiscal year

DSC 0570 72The value of Myanmar’s maritime trade for the period between 1 October and 17 January in the 2019-2020 financial year totaled US$8 billion, an increase of over $1 billion compared to the year-ago period, according to the Ministry of Commerce.
While maritime exports were valued at $3.23 billion, imports were registered at $4.87 billion. Compared to the same period in the 2018-2019 FY, imports were higher by $407 million, while exports registered an increase of $632 million.
Meanwhile, the value of trade through the border gates was estimated at $3.18 billion, an increase of $676 million.
The country’s total external trade reached $11.29 billion, which was higher than the $9.57 billion recorded in the year-ago period.
Myanmar exports agricultural products, fishery products, minerals, livestock, forest products, finished industrial goods, and other products, while it imports capital goods, consumer goods, and raw industrial materials. The country currently has nine ports involved in sea trade. Yangon Port is the main gateway for Myanmar’s maritime trade, and includes the Yangon inner terminals and the outer Thilawa Port. —Mon Mon (Translated by Ei Myat Mon)

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