ZCZC
BCN-26
MYANMAR-FOREIGN-TRADE
Myanmar’s foreign trade hits 6.5 bln USD in over two months
YANGON, June 18 (Xinhua) — Myanmar’s trade with foreign countries reached
6.56 billion U.S. dollars as of June 8 during the six-month transitional
period which started in April, the Commerce Ministry said on Saturday.
Myanmar has changed its fiscal year period from original April-March to
October-September beginning 2018-19, producing a six-month transitional gap.
It was increased by 751 million U.S. dollars compared to the same period in
last fiscal year 2017-2018.
During the period from April 1 to June 8, the country’s export amounted to
2.7 billion U.S. dollars while its import shared 3.84 billion dollars.
The total foreign trade hit 33.3 billion U.S. dollars in last FY 2017-18
which ended on March 31.
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 government is exerting efforts to boost the country’s exports as well
as to reduce the imported luxury commodities to decrease the trade deficit.
BSS/XINHUA/HR/1444