ZCZC
BCN-22
MYANMAR-FOREIGN-TRADE
Myanmar’s foreign trade reaches over 10 bln USD in 3 months
YANGON, July 21, 2018 (BSS/Xinhua) – Myanmar’s trade with foreign countries
has reached 10.2 billion U.S. dollars as of July 17 during the six-month
transitional period which started in April, according to the figures of the
Commerce Ministry Saturday.
The country has changed its fiscal year period from original April-March
to Oct-Sept beginning 2018-19, producing a six-month transitional gap.
During the over three months, the country’s export amounted to 4.5 billion
U.S. dollars while its import shared 5.6 billion U.S. dollars.
Meanwhile, the country suffered foreign trade deficit of 1.29 billion U.S.
dollars in the first three months of the transitional period, with a decrease
of nearly 50 million U.S. dollars, compared to the same period in last fiscal
year 2017-2018.
In last FY 2017-2018 which ended on March, the total foreign trade
amounted to 33.3 billion U.S. dollars.
The country targets to reach 13.5 billion U.S. dollars’ foreign trade
during the six-month transitional period.
The country’s agricultural products, animal products, fisheries, minerals
and forest products are mainly exported while capital goods, intermediate
goods and consumer goods are imported into the country.
The authorities are exerting efforts to boost the country’s exports as
well as to reduce the imported luxury commodities to reduce the trade
deficit.
BSS/XINHUA/HR/1220