Myanmar foreign trade totals $7.37 bln in past three months

 

 

Myanmar’s external trade between 1 April and 23 June of the current Financial Year 2023-2024 tremendously amounted to US$7.37 billion, according to the Ministry of Commerce.

Myanmar’s export was worth over $2.99 billion whereas the country’s import was valued at $4.37 billion in the past three months.

Myanmar exports agricultural pro­duce, animal products, minerals, forest products and finished industrial goods, while it imports capital goods, raw in­dustrial materials, and consumer goods.

The trade figure in the past three months indicated a drop of over $200 million from that of the year-ago period.

Myanmar’s seaborne trade value crossed over $5.36 billion this FY.

Myanmar targets to achieve exports worth $15.5 billion, imports worth $14 bil­lion in the 2022-2023 FY and trade surplus of $1.5 billion, according to the 2022-2023 fi­nancial year budget.

The external trade during the last FY 2022-2023 tremen­dously grew to $33.9 billion with exports worth $16.575 billion and imports valued at $17.349 billion, reflecting a sig­nificant increase of over $3.57 billion as against the year-ago period, according to the Min­istry of Commerce.

The figures surged from $30.35 billion in the corre­sponding period of the FY2021- 2022. — TWA/EM