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Myanmar's trade value increases in FY 2016-2017

Xinhua, April 18, 2017 Adjust font size:

Myanmar's total foreign trade increased by 1.086 billion U.S. dollars in the just-ended fiscal year 2016-2017 from the previous fiscal year 2015-2016, according to the figures of the Ministry of Commerce on Tuesday.

The total trade value amounted to 28.801 billion dollars in the FY 2016-17 while that in FY 2015-16 was 27.714 billion dollars.

During 2016-2017, the export value hit 11.620 billion dollars, up from 11.136 billion dollars in 2015-2016, while the trade deficit showed 5.5 billion dollars in 2016-17, also up from 5.4 billion dollars in 2015-2016.

Natural gas, agricultural produces and manufacturing products are the country's main export items while the capital goods and household goods are mostly imported items.

Myanmar's major trading partners include China, India, Thailand, Singapore, Malaysia and some European countries. Endit