YANGON– Myanmar’s seaborne trade surged 19.42 percent year on year, to about 22.24 billion U.S. dollars, in over 10 months of the 2022-23 fiscal year, beginning in Apr last year, official data showed, yesterday.

From Apr 1 last year to Feb 10 this year, the country’s maritime export rose 10.21 percent to over 9.22 billion dollars from a year earlier, while maritime import climbed 26.94 percent to over 13.01 billion dollars, data from the country’s Ministry of Commerce showed.

During the period, the country saw a total foreign trade value of over 29.33 billion dollars, including its border trade value of more than 7.09 billion dollars, the ministry’s figures showed.

The country usually does most of its foreign trade through sea routes, as it has a long coastline. It conducts border trade with China, Thailand, Bangladesh and India.

The country exports agricultural products, animal products, fisheries, minerals and forest products, manufacturing goods and others, while it imports capital goods, intermediate goods and consumer goods.

Source: Nam News Network