YANGON, Dec 29 (NNN-MNA) – Myanmar’s exports rose by 15.09 percent year on year, to 11,755.81 million U.S. dollars, in over eight months of the 2022-23 fiscal year, beginning in Apr, official data showed yesterday.
From Apr 1 to Dec 16, this year, the country’s manufacturing goods exports, valued at over 7,999.69 million U.S. dollars, accounted for 68.04 percent of total exports. It was the country’s largest exports group during the period, the Ministry of Commerce’s data showed.
During the period, the country’s imports were higher by 26.19 percent to 12,325.87 million U.S. dollars, the official figures showed.
Meanwhile, the country’s total goods imports and exports increased by 20.52 percent to 24,081.68 million U.S. dollars, the data said.
About 76.64 percent of the country’s total trade during the period was done via sea routes, while about 23.36 percent was conducted through land borders.
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.– NNN-MNA
