Aug 29, 2011

Ministry of Commerce: Malaysian imports soar

Palm oil imports from Malaysia in the past few months have been about 40 percent higher than at the same time last year, a Ministry of Commerce official said last week.

He said that during the 2010-11 fiscal year, Myanmar-Malaysia bilateral trade amounted to about US$600 million, with exports of timber, agricultural goods and minerals to Malaysia worth about $437 million and imports of palm oil, fuel, construction materials, electronics and plastics worth $145 million.

Bilateral trade to the end of July was worth about $160 million, with imports from Malaysia – mainly palm oil – worth about $107, compared to about $70 million by the same time last year, he said.

Source: Myanmar Times