MYANMAR’S FOREIGN TRADE VIA SEA ROUTE HITS OVER 1.5 BLN USD IN APRIL

YANGON, Myanmar Myanmar’s foreign trade through sea routes hits 1.595 billion U.S. dollars in the first 27 days of the six-month transitional period, according to official figures from the Commerce Ministry Saturday.

It was increased by 353 million U.S. dollars compared to the same period in fiscal year 2017-2018.

From April 1 to 27, the country’s export value through sea routes amounted to 502 million U.S. dollars while its import totalled 1.093 billion U.S. dollars.

Meanwhile, the country’s trade with foreign countries via border gates reached 466 million U.S. dollars during the period.

In accordance with the figures, the country’s total trade with foreign countries hit 2.06 billion U.S. dollars as of April 27.

The country’s main export products include agricultural products, animal products, fisheries, minerals and forest products.

Capital goods, intermediate goods and consumer goods are mostly imported into the country.

The authorities are exerting efforts to boost the country’s exports as well as to reduce the imported luxury commodities to decrease the trade deficit.

Source: NAM News Network