Myanmar's trade deficit up

06 May 2020
Myanmar's trade deficit up
 Ferry boats loading passengers pass near an industrial port at the Yangon river in Yangon, Myanmar, 17 March 2020. Photo: Lynn Bo Bo/EPA

Myanmar's trade deficit recorded over 1.2 billion U.S. dollars in first seven months of present fiscal year (FY) 2019-2020, up from over 651 million U.S. dollars in the corresponding period of last FY, Xinhua reported.

From Oct. 1 to April 24 of this FY, the country earned over 10.4 billion U.S. dollars while its import reached over 11.6 billion U.S. dollars.

In the same period of last FY 2018-2019, Myanmar's foreign trade totalled over 19.35 billion U.S. dollars with export value of over 9.34 billion U.S. dollars and over 10 billion U.S. dollars' import.