Myanmar's foreign trade up 14.08% in over 11 months

YANGON (Xinhua): Myanmar's total goods imports and exports surged 14.08 per cent year on year to over US$32.01 billion in over 11 months of the 2022-23 fiscal year beginning in April last year, official data showed Tuesday (March 21).

The country's total trade during the same period a year earlier was valued at more than $28.06 billion, data from the Ministry of Commerce showed.

From April 1 last year to March 10 this year, exports rose 9.52 per cent to over $15.65 billion from a year earlier, while imports climbed 18.8 per cent to over $16.36 billion, the ministry's data showed.

Myanmar's sea trade during the period was valued at over $24 billion, while its border trade amounted to over $8 billion, the ministry's data showed.

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.