The maritime trade value reflected a drop of $2.376 billion compared to the corresponding period of last FY.
Myanmar’s seaborne exports with international trade partners amounted to US$7.136 billion as of 19 January of the current financial year 2023-2024, while its imports surpassed exports with $10.66 billion, totalling $17.8 billion, the Ministry of Commerce’s statistics indicated.
The maritime trade value reflected a drop of $2.376 billion compared to the corresponding period last FY.
Myanmar’s foreign trade target for the current FY 2023-2024 is $32.5 billion, comprising exports worth $16.5 billion and imports worth $16 billion.
Meanwhile, Myanmar’s border trade with the neighbouring countries (China, India, Bangladesh and Thailand) was estimated at $6.53 billion this FY, which declined from $6.6 billion registered in the year-ago period.
Myanmar’s external trade amounted to US$24.337 billion as of 17 January this FY, which dropped from $27.145 billion recorded in the same period last FY, the Ministry of Commerce’s statistics showed.
Myanmar exports agricultural produce, livestock, fishery, mineral, forest products, manufacturing goods and other goods to the external market. At the same time, it imports capital goods, intermediate goods, consumer goods and raw materials goods imported by the CMP enterprises. — TWA/KK
