Myanmar's foreign trade reaches nearly 5 bln USD in over first 2 months of FY 2020-21

Xinhua, December 18, 2020

The total trade between Myanmar and foreign countries reached over 4.92 billion U.S. dollars in more than two months of the present fiscal year (FY) 2020-2021 which started in October, according to figures released by the Commerce Ministry on Thursday.

As of Dec. 4, Myanmar earned over 2.29 billion U.S. dollars from export while its import shared over 2.63 billion U.S. dollars.

During the period, the country's foreign trade through sea route totaled over 3.53 billion U.S. dollars while its border trade amounted to over 1.39 billion U.S. dollars.

Meanwhile, this FY's total foreign trade decreased by over 2 billion U.S. dollars compared to the same period of last FY when it was over 6.93 billion U.S. dollars.

Myanmar's main exports included agricultural products, animal products, marine products minerals, forest products, manufacturing goods and others while importing capital goods, intermediate goods and consumer goods.

About 80 percent of the country's trade with foreign countries is done through sea route and its border trade is conducted with neighboring China, Thailand, Bangladesh and India.