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Myanmar suffers 3.27-bln-USD trade deficit in first 3 quarters of FY 2017-18

Source: Xinhua| 2018-01-02 10:45:49|Editor: ZD
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MYANMAR-YANGON-TRADE DEFICIT-PORT

Photo taken on Jan. 6, 2018 shows container cranes at the Myanmar Industrial Port in Yangon, Myanmar. Myanmar's foreign trade suffered 3.27 billion U.S. dollars' trade deficit in the first three quarters of the fiscal year 2017-18 (April-March), an increase of over 368.79 million dollars correspondingly against 2016-17. (Xinhua/U Aung)

YANGON, Jan. 2 (Xinhua) -- Myanmar's foreign trade suffered 3.27 billion U.S. dollars' trade deficit in the first three quarters of the fiscal year 2017-18 (April-March), an increase of over 368.79 million dollars correspondingly against 2016-17.

According to the latest statistics of the Ministry of Commerce, the country's foreign trade topped 23.25 billion U.S. dollars as of December 2017, up 3.78 billion dollars compared with the same period of the last fiscal year.

During the first nine-month period, Myanmar's export amounted to 9.99 billion U.S. dollars, including 3.58 billion dollars through border trade and 6.41 billion dollars through normal trade.

The period's import exceeded 13.26 billion U.S. dollars, made up of 2.045 billion dollars through border trade and 11.23 billion dollars through normal trade, a decrease of 18 million dollars against last year.

Myanmar mainly exports agricultural products, animal and fisheries products, forest products and manufacturing goods, while it chiefly imports capital goods, intermediate goods and consumers goods.

KEY WORDS: Myanmar
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