Sea trade worth $7.8 billion reported over three months

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A cargo ship loading containers at a shipping container port in Yangon. Photo: GNLM/Phoe Khwar

Trade through sea routes fetched US$7.8 billion from 1 April to 13 July in the interim period prior to the 2018-2019 fiscal year, which is an increase of $1.1 billion compared with the similar period last year.
Exports through sea routes were worth over $3 billion, whereas the import value was recorded at $4.8 billion. Unlike sea routes, exports performed better than imports at border gates. Border trade during the same time totalled $2.28 billion, comprising $1.48 billion worth of exports and $802 million worth of imports.
Rice, various peas, sesame seeds, corn, vegetables, fruits, dried tea leaves, fishery products, rubber, minerals and animal products are exported to foreign countries, whereas machinery, agricultural equipment, trucks, plastic raw materials, consumer products, cosmetics, and electronic tools enter the domestic market. Myanmar’s external trade value as of 13 July was registered at $10.16 billion, with exports worth $4.5 billion and imports valued at $5.64 billion. The total trade value this year narrowed down the trade deficit to $1.1 billion compared with $1.6 billion during the similar period of the last fiscal year.

 

Ko Khant

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