Myanmar’s seaborne trade value grows to $17 bln nearly eight months

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A container vessel is seen docking at Yangon Port.

Myanmar’s seaborne trade with international trade partners amounted to US$17 billion between 1 April and 25 November in the current financial year 2022-2023, which soared from US$13.28 billion in the corresponding period last FY 2021-2022, reflecting a sharp rise of $3.8 billion, according to the Ministry of Commerce.
While seaborne exports were valued at over $7 billion, imports were registered at $9.96 billion. Both exports and imports by sea have risen as compared to the year-ago period.
Myanmar’s seaborne trade generated $19.8 billion out of an overall trade value of $29.5 billion in the previous FY 2020-2021, the Ministry of Commerce’s statistics indicated.
Last November, 51 cargo ships from 16 ocean liners arrived at Yangon Port.
Myanmar Port Authorities, the Ministry of Commerce, non-governmental organizations and the departments concerned are joining hands together to ensure the fast and reliable cargo handling and withdrawal of the containers for trade facilitation.
Yangon Port handled a total of 515 cargo ships between January and October 2022, according to Myanma Port Authority.
From May 2021, the arrival of ships at terminals in Yangon has increased. Yangon inner terminals and the outer Thilawa Port received larger ships and handled 11,000 more containers and 115,000 more metric tonnes of goods compared to the previous year. —TWA/EMM

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