External trade increases $1.23 billion

06 January 2020
External trade increases $1.23 billion
Ships and gantry cranes are seen at the container port facility of the Asia World Port Terminal, located along the Yangon city river, in Yangon. Photo: Ye Aung Thu/AFP

Myanmar’s external trade between 1 October and 20 December in the current fiscal year 2019-2020 reached US$8.36 billion, an increase of $1.23 billion compared to the corresponding period of the 2018-2019 fiscal, according to the Ministry of Commerce.

During the same period in the previous FY, trade stood at $7.13 billion, according to data released by the ministry. Both maritime and border trade showed an increase in the current fiscal compared with the year-ago period, with exports estimated at over $4.09 billion, and imports valued at $4.27 billion.

Myanmar exports agricultural products, animal products, minerals, forest products, and finished industrial goods, while it imports capital goods, raw industrial materials, and consumer goods.