Import value of intermediate goods by the private sector increases

A sidelifter drives past containers at the Ahlone international terminal port in Yangon. Photo: Nyein Chan Naing/EPA

The import value of intermediate goods by the private sector went up by more than US$1.3 billion in the current financial year, according state media quoting official statistics of the Ministry of Commerce.

Between April and second week of November, the country’s import of intermediate goods exceeded $4.3 billion, including $78 million from the government sector and $4.2 billion from the private sector.

Myanmar conducts trade with Asian countries, ASEAN member states, island nations, Middle East countries, some European and African states, and other western countries. roughly 80 per cent of the country’s external trade is through sea routes, the report said.

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