Myanmar's foreign trade reaches over 2 bln USD in single month

Source: Xinhua| 2019-11-02 15:19:32|Editor: xuxin
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YANGON, Nov. 2 (Xinhua) -- Trade between Myanmar and foreign countries reached over 2.3 billion U.S. dollars in the first month of present fiscal year (FY) 2019-2020 which started in October, according to figures released by the Commerce Ministry on Saturday.

As of Oct. 25, Myanmar earned over 1.15 billion U.S. dollars from its export while its import reached 1.2 billion U.S. dollars.

During the period, the country's foreign trade through sea route totaled over 1.78 billion U.S. dollars while its border trade amounted over 598.8 million U.S. dollars.

About 80 percent of the country'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.

Myanmar mainly exports agricultural products, animal products, marine products, minerals, forest products, manufacturing goods and others while importing capital goods, intermediate goods and consumer goods from other countries.

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