Myanmar’s foreign trade reaches over US$6 bln in mini-budget of 2021-2022FY

uCfeoytV mk 5
Myanmar exports agricultural products, animal products, minerals, forest products, and finished industrial goods, while it imports capital goods, raw industrial materials, CMP raw materials and consumer goods.

Foreign trade value in Myanmar was over US$6.004 billion till 17 December in the current mini-budget of the 2021-2022 financial year, declining by over $504 million when compared to the same period of last FY, according to the ministry of commerce.
From 1 October to 17 December 2021, the foreign trade was $6.004 billion, while the previous FY saw $6.509 million in the same period.
During this mini-budget year, the country’s export amounted to over $3.067 billion, down over $231 million compared with last’s figure. The country’s imports also hit over $2.937 billion, declining over $273 million.
Myanmar exports agricultural products, animal products, minerals, forest products, and finished industrial goods, while it imports capital goods, raw industrial materials, CMP raw materials and consumer goods.
According to the annual data released by the commerce ministry, the country’s foreign trade value was $18,045.929 million in 2012-2013FY, $27,714.826 million in 2015-2016FY, $29,209.607 million 2016-2017FY, $33,578.052 million in 2017-2018FY, $18,728.815 million in 2018 mini-budget year and $35,147.012 million in the 2018-2019FY.
Agro-based food production, textile and clothing, industry and electronics, fisheries production, forestry production, digital production and services, logistics services, quality management, trade information services and innovation and entrepreneurship sectors are the main priority areas of the National Export Strategy (NES) 2020-25. — ACM/GNLM

Share this post
Hot News
Hot News
Tatmadaw education schools, Tatmadaw BEHSs turn out 392 distinction winners in matric exam 2024
MNHRC inspects Yamethin Prison, Kintha 1 & 2 Production Camp
Myanmar ambassador to Japan engages with Kumamoto officials, business leaders
Myanmar to participate in 36th VECONAC, 23rd General Assembly in Singapore
Strand Road Night Market opens in Magway
MoE Union Minister receives Ambassador of India
DPM MoD Union Minister leaves for Vietnam to attend state funeral
Myanmar, India to enhance cooperation in e-ID system
DPM MoFA Union Minister attends China-South Asia Expo opening
Indian Ambassador calls on MoHT Union Minister