7 October
THE value of Myanmar’s maritime trade for the period be-tween 1 October, 2018 and 20 September, 2019 in the last fiscal year totaled US$24.1 billin, a decline of over $1.68 billion compared with the year-ago period, according to data provided by the Ministry of Commerce.
Maritime exports were value at $9.5 billion, while imports were registered at $14.6 billion.
Compared to the same period in the 2017-2018 fiscal year, imports were lower by $1.28 billion, while exports registered a drop of $394 million.
In the October-September period, the value of trade through the border gates was estimated at $9.9 billion, an in-crease of $1.13 billion amid tight confiscation of illegal untaxed goods and trade suspension by Myanmar’s main trade partner, China.
Meanwhile, the country’s total external trade crossed $34 billion, which is slightly lower than $34.55 billion recorded in the year-ago period.
Myanmar exports agricultural products, fishery products, minerals, livestock, forest products, finished industrial goods, and other products, while it imports capital goods, consumer goods, and raw industrial materials.
The country currently has nine ports involved in sea trade. The Yangon Port is the main gateway for Myanmar’s maritime trade, and includes the Yangon inner terminals and the outer Thilawa Port.
Mon Mon (Translated by Ei Myat Mon)
