Myanmar exports dramatically plummet to $12.3 bln as of 23 Jul

The value of bilateral trade between Myanmar and Malaysia in the past seven months (October-April) of the current financial year 2020-2021 touched about US$631.217 million, according to the data of the Ministry of Commerce.
Imports outperformed exports in trade with Malaysia, with imports valued at $511.74 million and exports worth $119.47 million.
Myanmar’s export items to Malaysia are rice, broken rice, rubber, pulses, garment, base metal, fishery product, electronic goods, onion, timber, prawn, footwear, woven fabric roll, turmeric, tamarind and timber. In return, it imported fuel oil, edible oil, plastic, fertilizer, electrical machinery and apparatus, chemical elements and compounds, paper, paperboard, dyeing tanning and colouring material, transport equipment, glass and glassware, soap, wheat, pharmaceutical, cement, dairy product and cotton fabric, and other products.
Bilateral trade values with Malaysia had registered at over $1 billion in the previous years.
Malaysia is placed as the ninth-largest foreign investor in Myanmar, according to the data of the Directorate of Investment and Company Administration (DICA). — Htet Myat/GNLM