Xinhua, Yangon :
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.
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.
