Bilateral trade between Myanmar and the US totalled US$230 million in the October-December period in the current fiscal year, with exports surpassing imports, according to data released by the Ministry of Commerce, state media reported.
In the three-month period in the current FY (Oct 2018-Sep 2019), exports stood at $121.6 million, while imports were recorded at $108.5 million. Myanmar shipped rice, various types of pulses, forestry products, fish, prawns, apparel, garments produced on the cutmake-pack system, and other finished industrial goods to the United States, while it imported personal goods, capital goods, and industrial raw materials.
In the second week of February, the US Ambassador to Myanmar, Mr. Scot Marciel, met with government officials and business associations for cooperation in port facilities development, and logistics and transportation sector. Additionally, US insurance companies, agriculture companies, and IT businesses have shown a keen interest to invest in Myanmar. Interested investors from the US will be visiting Myanmar in April.