Myanmar’s bilateral trade with Germany exceeds $320 million from April to August

Fish
Workers processing fish for export at a marine product factory, Yangon.  Photo: Phoe Khwar

Myanmar’s trade with Germany from April to August in the past interim period amounted to US$321.7 million, comprising $245 million worth of export and $76.67 million valued import, according to the statistics released by the Ministry of Commerce.
Germany was ranked first among EU countries having the largest trade value with Myanmar, followed by the UK with about $233 million. France was listed at the third place with trade values of about $191 million
Beyond regional trade regime, Myanmar has established trade links with EU member countries.
The country mainly exported rice, pulses, tea leaf, coffee, apparel from garment sector on Cut-Make-Pack basis and fisheries while cosmetic, food and beverages and consumer goods were imported into Myanmar.
Myanmar reinstated EU’s Generalized Scheme of Preference from 19th July 2013. Myanmar can enjoy GSP for export of fisheries, rice, pulses, agro products, bamboo and rattan finished products, forestry products, apparels and finished industrial goods.
Trade values with Germany were about $584 million in the 2017-2018 FY, $342 million in the 2016-2017 FY, $153 million in the 2015-16 FY, $147 million in the 2014-2015 FY, $123 million in the 2013-2014 FY, $187 million in the 2012-2013 FY and $137 million in the 2011-2012 FY.
EU member countries put investments in petroleum and natural gas enterprises, manufacturing, transportation, hotels and tourism and livestock businesses.

 

Ko Htet

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