Myanmar earns over 2 bln USD from export in FY 2019-20

Source: Xinhua| 2019-11-27 13:32:28|Editor: ZX
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YANGON, Nov. 27 (Xinhua) -- Myanmar earned over 2.28 billion U.S. dollars from export to foreign countries as of Nov. 15 in fiscal year (FY) 2019-2020 which started in October, according to figures from the Commerce Ministry on Wednesday.

Myanmar mainly exports agricultural products, animal products, marine products, minerals, forest products, manufacturing goods and others to foreign trade partner countries.

From Oct. 1 to Nov. 15, manufacturing goods were mainly exported, earning 1.12 billion U.S. dollars' capital, following by minerals with 526.8 million U.S. dollars.

This FY's total export increased by over 568.9 million U.S. dollars, compared to the same period of last FY 2018-2019 when it was 1.7 billion U.S. dollars.

Meanwhile, the country's total foreign trade reached over 4.59 billion U.S. dollars as of Nov. 15 this FY, with 2.3 billion U.S. dollars' import value.

Capital goods, intermediate goods and consumer goods are imported to the country.

During the period, the country's trade with foreign countries through sea route amounted over 3.3 billion U.S. dollars while its border trade shared 1.29 billion U.S. dollars.

About 80 percent of the country's foreign trade is 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.