ZCZC
BCN-23
MYANMAR-TRADE-DEFICIT
Myanmar suffers trade deficit of over 1.2 bln USD in three months
YANGON, July 7, 2018 (BSS/Xinhua) – Myanmar suffered foreign trade deficit
of 1.29 billion U.S. dollars in first three months of the six-month
transitional period which started in April, local media The Voice Daily
reported Friday.
The country has changed its fiscal year period from original April-March
to Oct-Sept beginning 2018-2019, producing a six-month transitional gap.
The three-month trade deficit was decreased by nearly 50 million U.S.
dollars, compared to the same period in last fiscal year 2017-2018.
From April to June, the country’s export value reached over 3.34 U.S.
dollars while its imports shared 4.7 billion U.S. dollars.
In last whole FY 2017-2018, the country suffered foreign trade deficit of
3.97 billion U.S. dollars.
The authorities are exerting efforts to boost the country’s exports as
well as to reduce the imported luxury commodities to decrease the trade
deficit.
Capital goods, intermediate goods and consumer goods are mainly imported
into the country while the country’s agricultural products, animal products,
fisheries, minerals and forest products are exported to foreign countries.
BSS/XINHUA/HR/1245