Myanmar's foreign trade up 18.47 per cent in nearly 10 months

YANGON, Jan 29 (Xinhua): Myanmar's total goods imports and exports surged 18.47 per cent year on year to over US$27.19 billion in nearly 10 months of the 2022-23 fiscal year beginning in April last year, official data has showed.

From April 1 last year to Jan. 20 this year, exports rose 14.25 per cent to over US$13.36 billion from a year earlier, while imports climbed 22.85 percent to over US$13.82 billion, data from the country's Ministry of Commerce showed.

During the period, about 76.04 per cent of the country's total trade was done via sea routes, and about 23.96 per cent was conducted through land borders.

The South-East Asian 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. - Xinhua

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Myanmar , Foreign Trade , Rising


Next In Aseanplus News

Three arrested, four taken to hospital after Lucky Plaza fight
Is K-pop Indonesian political parties’ latest tool to entice young voters?
TikTok CEO to promise US Congress no user info sharing with Chinese government
China huge market for Cambodia, other Asean countries: Hun Sen
South Korea, US to hold largest live-fire drills amid North Korea tension
'Thai Hot Guy' event not appropriate during Ramadan, says Home Minister
'Thai Hot Guy' venue has no valid licence, DBKL looking at action to be taken
Health Ministry revokes notification of six cosmetic products found to contain poison
Johor govt and Putrajaya serious about easing Causeway congestion, says MB
Marcos says new military bases with US to be 'scattered' around the Philippines

Others Also Read