YANGON, Myanmar, June 22 (NNN-MNA) – Myanmar registered 1.05 billion U.S. dollars of trade deficit, as of June 14, in present fiscal year (FY) 2018-2019, according to the Commerce Ministry on Saturday (today).
From Oct, 2018, to June 14 this year, the country’s export value reached 11.8 billion U.S. dollars, while its import totalled 12.9 billion U.S. dollars, registering a total foreign trade to 24.7 billion U.S. dollars.
This FY’s total trade deficit showed a significant decrease by over two billion U.S. dollars, compared to the same period of last FY 2017-2018, when it was over three billion U.S dollars.
In the same period of last FY 2017-2018, total foreign trade amounted to 24.4 billion U.S. dollars, with 10.7 billion U.S. dollars’ export and 13.7 billion U.S. dollars’ import.
The country mainly exports agricultural products, animal products, fisheries, minerals, forest products, finished industrial goods, to foreign countries, while imports capital goods, intermediate goods and consumer goods.
The trade authorities are exerting efforts to boost the country’s exports, as well as, to reduce the imported luxury commodities to decrease the trade deficit.– NNN-MNA
