Myanmar's foreign trade reaches over 28 bln USD in 10 months of FY 2019-20

Source: Xinhua| 2020-07-13 12:36:07|Editor: huaxia

YANGON, July 13 (Xinhua) -- The total trade between Myanmar and foreign countries reached over 28.3 billion U.S. dollars in ten months of present fiscal year (FY) 2019-2020, according to figures released by the Commerce Ministry on Monday.

From Oct. 1, 2019 to July 3, Myanmar earned over 13.2 billion U.S. dollars while its import shared over 15 billion U.S. dollars.

The country's trade deficit of present FY recorded over 1.8 billion U.S. dollars, up from over 890.6 million U.S. dollars compared to the corresponding period of last FY 2018-2019.

Meanwhile, this FY's total foreign trade increased by over 1.6 billion U.S. dollars compared to the same period of last FY when it was over 26.7 billion U.S. dollars.

Myanmar exports its agricultural products, animal products, marine products minerals, forest products, manufacturing goods and others while importing capital goods, intermediate goods and consumer goods.

About 80 percent of the country's trade with foreign countries is done through sea route and its border trade is conducted with neighbouring China, Thailand, Bangladesh and India. Enditem