BRI NEWS Myanmar's foreign trade reaches over 33 bln USD this year

BRI NEWS

Myanmar's foreign trade reaches over 33 bln USD this year

Xinhua

22:59, September 25, 2019

YANGON, Sept. 24 (Xinhua) -- Myanmar's foreign trade reached over 33.19 billion U.S. dollars as of Sept. 13 in present fiscal year 2018-2019, according to figures released by the Commerce Ministry on Tuesday.

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Photo: VCG

From Oct. 1, 2018 to Sept. 13 this year, the country's export earned over 15.97 billion U.S. dollars while its import shared over 17.21 billion U.S. dollars.

During over 11-month period, Myanmar's trade with foreign countries through sea route amounted over 23.59 billion U.S. dollars while its border trade valued over 9.6 billion U.S. dollars.

This fiscal year's figures dropped by 738.5 million U.S. dollars, compared to the same period in FY 2017-2018 while it was over 33.9 billion U.S. dollars.

About 80 percent of Myanmar's foreign trade are done through sea-borne trade and its border trade is being conducted through 17 border trade points with four neighbouring countries -- China, Thailand, India and Bangladesh.

The country mainly exports agricultural products, animal products, marine products, minerals, forest products, manufacturing goods and others while capital goods, intermediate goods and consumer goods are imported to the country.  

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