Myanmar’s regional trade hit $8.6 billion this FY

DSC 5455 copy 1
Myanmar’s regional trade via the sea route brought in US$8.6 billion.  hoto: Phoe Khwar

The value of Myanmar’s regional trade with the ASEAN countries through the sea route and border gates totalled some US$8.6 billion from April to December of the current fiscal year, including $3.1 billion in exports and $5.4 billion in imports, according to statistics released by the Ministry of Commerce last Friday.
Since April, Thailand was ranked first among the ASEAN countries for having the largest trade value of $3.7 billion with Myanmar, followed by Singapore in second place with some $2.7 billion. Malaysia was listed third with a trade value of some $836 million, while Indonesia stood fourth with an estimated value of $754 million. Myanmar’s trade with Viet Nam reached some $539 million.
The value of bilateral trade with the Philippines was $37 million. Bilateral trade with Cambodia reached some $3.8 million, while the value of trade with Laos was some $1.4 million. Brunei’s trade with Myanmar was worth less than $1 million.
The country mainly exported agricultural products, fishery products and minerals, while food and beverages, electronic tools, motor vehicles and consumer goods were imported into Myanmar.
Apart from its main trade partner China, Myanmar’s external trade is mostly carried out with regional partners. Trade with countries of the European Union still cannot compete against regional trade.

 

Ko Htet

Share this post

Comments

Hot News
Hot News