The value of Myanmar’s foreign trade totalled over US$8.3 billion over the past three and a half months of the current financial year 2024-2025 beginning 1 April, comprising exports worth $4.4 billion and imports valued at $3.9 billion, the Ministry of Commerce’s data showed.
The seaborne trade exceeded $6.7 billion, whereas border trade value hit $1.6 billion. The total trade balance was valued at $10.09 billion in the year-ago period. Therefore, the figures indicated a drastic drop of $1.7 billion over the past three and a half months compared with that of last FY.
Myanmar exports agricultural products, animal products, minerals, forest products, and finished industrial goods, while it imports capital goods, intermediate goods, raw materials imported by the CMP enterprises and consumer goods.
Myanmar has been implementing the National Export Strategy (NES) 2020-2025 in order to bolster exports. The priority sectors of the NES comprise agricultural production, garment and apparel, industrial and electronic device, fishery business, forest product, digital manufacturing and service, logistic service, quality management, trade information service, innovation and entrepreneurship sectors. — NN/KK
Myanmar foreign trade exceeds US$8.3B by 19 July this FY
- July 28, 2024
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