Xinhua, Yangon :
Myanmar’s trade with foreign countries reached over 1.5 billion U.S. dollars in the first 20 days of the six-month transitional period, according to figures from the Commerce Ministry on Saturday.
Myanmar government has changed its fiscal year period from original April-March to Oct -Sept beginning 2018-19, producing a six-month transitional gap.
It was increased by 298 million U.S. dollars compared to the same period in FY 2017-2018.
During April 1 to April 20, the countrys export hit 588 million U.S. dollars while its import shared 913 million U.S. dollars.
Meanwhile, the country suffered 324 million U.S. dollars trade deficit as of April 20, the official Global New Light of Myanmar reported Saturday.
In last FY 2017-2018 which ended on March 31, Myanmar suffered foreign trade deficit of 3.97 billion U.S. dollars while the total trade amounted over 33.3 billion U.S. dollars.
The authorities are exerting efforts to boost the countrys exports to reduce the trade deficit.
The countrys agricultural products, animal products, fisheries, minerals and forest products are mainly exported to the foreign countries.
Capital goods, intermediate goods and consumer goods are mostly imported into the country.
Myanmar’s trade with foreign countries reached over 1.5 billion U.S. dollars in the first 20 days of the six-month transitional period, according to figures from the Commerce Ministry on Saturday.
Myanmar government has changed its fiscal year period from original April-March to Oct -Sept beginning 2018-19, producing a six-month transitional gap.
It was increased by 298 million U.S. dollars compared to the same period in FY 2017-2018.
During April 1 to April 20, the countrys export hit 588 million U.S. dollars while its import shared 913 million U.S. dollars.
Meanwhile, the country suffered 324 million U.S. dollars trade deficit as of April 20, the official Global New Light of Myanmar reported Saturday.
In last FY 2017-2018 which ended on March 31, Myanmar suffered foreign trade deficit of 3.97 billion U.S. dollars while the total trade amounted over 33.3 billion U.S. dollars.
The authorities are exerting efforts to boost the countrys exports to reduce the trade deficit.
The countrys agricultural products, animal products, fisheries, minerals and forest products are mainly exported to the foreign countries.
Capital goods, intermediate goods and consumer goods are mostly imported into the country.
