Myanmar-ASEAN trade reaches $4b in 1st five months of FY 2017-18

Trade between Myanmar and other members of the Association of Southeast Asian Nations (ASEAN) reached 4.3 billion US dollars in the first five months of current fiscal year (FY) 2017-18, reports Xinhua from Yangon.

During the period, Myanmar’s export amounted to 1.49 billion US dollars while import took 2.85 billion dollars, the official Global New Light of Myanmar newspaper reported Saturday.

Neighbouring Thailand topped the list among Myanmar’s ASEAN trade partners with 1.89 billion US dollars, followed by Singapore with 1.26 billion dollars and Malaysia with 457 million dollars as of August in this FY 2017-18.

In accordance with the statistics of the Ministry of Commerce, the country’s trade with ASEAN countries hit over 9.6 billion US dollars in FY 2016-17.

The country usually exports agricultural products, dried and fresh marine products, minerals and industrial finished goods.

Consumer goods, electronic devices, capital goods, automobile and accessories and intermediate goods are mostly imported.

Myanmar-ASEAN trade reaches $4b in 1st five months of FY 2017-18

Trade between Myanmar and other members of the Association of Southeast Asian Nations (ASEAN) reached 4.3 billion US dollars in the first five months of current fiscal year (FY) 2017-18, reports Xinhua from Yangon. During the period, Myanmars export amounted to 1.49 billion US dollars while import took 2.85 billion dollars, the official Global New Light of Myanmar newspaper reported Saturday. Neighbouring Thailand topped the list among Myanmars ASEAN trade partners with 1.89 billion US dollars, followed by Singapore with 1.26 billion dollars and Malaysia with 457 million dollars as of August in this FY 2017-18. In accordance with the statistics of the Ministry of Commerce, the countrys trade with ASEAN countries hit over 9.6 billion US dollars in FY 2016-17. The country usually exports agricultural products, dried and fresh marine products, minerals and industrial finished goods. Consumer goods, electronic devices, capital goods, automobile and accessories and intermediate goods are mostly imported.