Myanmar goods trade deficit with Singapore estimated at $2.4 bln in seven months

DSC 5514 sskm

Myanmar’s trade deficit in goods with Singapore was estimated at US$2.44 billion in the past seven months (Apr-Oct) of the current financial year 2022-2023, the statistics of the Ministry of Commerce indicated.
Singapore is Myanmar’s second largest trading partner in the region, after Thailand. In the current FY, the value of Myanmar’s bilateral trade with Singapore in normal trade and border trade topped $2.64 billion.
The Ministry of Commerce reported that imports surpassed exports in trade with Singapore, with exports reaching over $98.9 million and imports valued at over $2.54 billion.
Myanmar exports agricultural produce, footwear, textiles and clothing, minerals, and animal products to Singapore, while it imports plastic, fuel oil, capital goods, intermediate goods, consumer products, metals, and chemicals.
Myanmar’s bilateral trade with Singapore was registered at $1.72 billion in the 2021-2022 mini-budget period, $2.8 billion in the 2020-2021 FY, $3.8 billion in the 2019-202 FY, $3.5 billion in the FY 2018-2019, $1.99 billion in the 2018 mini-budget period, $3.83 billion in the 2017-2018FY, $2.96 billion in the 2016-2017FY, and $3.69 billion in the 2015-2016FY.—KK

Share this post
Hot News
Hot News
Ancient artistic works with high historical value must be displayed for easy observance of visitors
Livestock breeding zone in Twantay Township sees development
Narcotic drugs seized in Yamethin, Hline townships
Media defames security forces for destroying over 140 houses in Salin Township
Minbu District enjoys agricultural water from 19 solar-powered irrigation projects
Visa-on-arrival system introduced to foreign tourists for convenient travels
Myanmar Chargé d’Affaires attends 36th ASEAN-US Dialogue
MMPO announces 200-acre film city project on Yangon-Mandalay Expressway
Result of Government Dhammacariya Examination to come out on 30 May
Livestock breeding farms in 9 states and regions to get K12 billion loans starting June