Myanmar-Australia trade tops $128 million this FY

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Fish stacked on display at a market for sale. Photo: Phoe Khwar

TRADE between Myanmar and the Commonwealth of Australia totalled US$128 million in the current financial year, according to the monthly statistics of the commerce ministry.
The total bilateral trade with Australia over the first eight months of this FY included $16.492 million from the exports and $111.730 million from the imports. In November alone, bilateral trade was $14.366 million comprising $1.796 million exports and $18.792 million imports. Australia imports crustaceans, fishes, seafood and vegetables from Myanmar and exports wheat, medicaments including veterinary, pigments, paints, varnishes and coal.
The trade of the two countries was $77.673 million in FY2011-2012, $86.009 million in FY2012-2013, $102.063 million in FY2013-2014, $74.012 million in FY2014-2015, $84.655 million in FY2015-2016 and $144.385 million in FY2016-2017. Australia has helped Myanmar promote inclusive economic growth by supporting a policy environment that provides incentives for responsible foreign direct investment, trade and economic reform.


Swe Nyein

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