The value of Myanmar’s maritime trade between 1 October and 18 March in the current mini-budget period of 2021-2022 soared to US$11.59 billion, reflecting a significant increase of $2.275 billion, according to the Ministry of Commerce.
Sea trade rose from $9.3 billion during the year-ago period, according to the Ministry of Commerce.
While maritime exports were valued at $5.17 billion, imports registered at $6.416 billion. Both exports and imports have risen as against the year-ago period.
Myanmar’s sea trade generated $19.8 billion out of an overall trade value of $29.5 billion in the previous FY2020-2021, the Ministry of Commerce’s statistics indicated.
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. — KK/GNLM
Myanmar maritime trade up by $2.27 bln as of 18 March
- March 30, 2022
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