Maritime trade up $482.86 mln as of 6 Dec

LOCAL NEWS

The value of Myanmar’s maritime trade for the period between 1 October and 6 December in the 2019-2020 fiscal year totaled US$4.86 billion, an increase of over $482.86 million compared with the year-ago period, according to the Ministry of Commerce.
During the period, maritime exports were valued at $2 million, while imports were registered at $2.85 billion.
Compared with the same period in the 2018-2019 fiscal year, imports rose by $43.9 million, while exports registered an increase of $438.9 million.
During the same period, the value of trade through the border gates was estimated at over $2 billion, an increase of $496.7 million amid strict confiscation of illegal and untaxed goods by Myanmar’s main trade partner, China.
Meanwhile, the country’s total external trade reached $6.88 billion, which was higher than the $5.9 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)

Share this post
Hot News
Hot News