Myanmar's foreign trade reaches over US$8.2 billion in interim budget period


  • Myanmar
  • Sunday, 23 Jan 2022

YANGON, Jan. 21 (Xinhua): Myanmar's foreign trade has reached over US$8.2 billion as of Jan 14 in the six-month interim budget period which started in October last year, according to figures released by the Ministry of Commerce during the weekend.

The country had announced changing its fiscal year from the original October-September to April-March beginning 2022-2023, producing a six-month interim budget period from October last year to March this year.

From Oct. 1, 2021, to Jan. 14 this year, the Asian country has earned over US$4.1 billion from exports while its imports were valued at over US$4.09 billion.

During the period, manufacturing goods topped the export list with the most value, earning over US$2.3 billion, followed by agricultural and marine products.

The country's maritime trade totaled over US$6.5 billion while its border trade amounted to US$1.7 billion in over three months of the six-month transitional period.

According to data released by the commerce ministry on Friday, for the transitional period, the total foreign trade saw a decrease of over US$869 million, from over US$9.1 billion recorded for the same period of the previous fiscal year.

The ministry had set a target of US$17 billion for total foreign trade in the six-month interim budget period, Assistant Secretary U Thaung Naing told Xinhua recently.

Myanmar's major exports include agricultural products, animal products, marine products, minerals, forest products, and manufacturing goods.

About 80 percent of the country's foreign trade are done by sea. - Xinhua

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Myanmar , Foreign Trade , Big Numbers

   

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