Myanmar’s exports to regional countries topped over K1.77 billion as of July in the current financial year 2023-2024 beginning 1 April, the Ministry of Commerce’s statistics indicated.
The value of Myanmar’s regional trade with ASEAN through the sea route and land border crossed over $4.9 billion in the first four months of this FY.
The ministry reported that imports surpassed exports in regional trade, with exports reaching over $1,77 billion and imports valued at over $3.13 billion.
Thailand has been Myanmar’s largest trade partner among regional countries, with trade valued at over $2.38 billion, followed by Singapore ($1.35 billion), Malaysia (over $495.889 million) and Indonesia ($457.866 million). Viet Nam has emerged as the nation’s fifth largest trade partner, with bilateral trade estimated at $175 million.
Meanwhile, Myanmar’s bilateral trade with the Philippines was $29.897 million, with Cambodia $10.083 million, while trade with Laos stood at $1.38 million, and Brunei, at $5.98 million.
Myanmar’s main export items included agricultural and fishery products, as well as minerals, while imports included food and beverages, electronic tools, motor vehicles, and consumer goods. Apart from its main trade partner China, Myanmar’s foreign trade was mostly conducted with the regional trade partners. — KK
