Jul 25, 2012

Myanmar's foreign trade hits nearly 5 bln USD in first 3 months of fiscal year

Myanmar's foreign trade hit nearly 5 billion U.S. dollars in the first three months (April-June) of the fiscal year 2012-13, local media reported Tuesday.

Of the foreign trade, over one billion dollars were gained through border trade, the Ministry of Commerce was quoted by the Weekly Eleven as saying.

Of the total trade volume, the exports amounted to 2.37 billion dollars, while the imports amounted to 2.41 billion dollars.

Natural gas topped the country's exports with nearly 800 million U.S. dollars, followed by agricultural produces, gem, forest and marine products.

Meanwhile, fuel stood first in its imports, followed by raw textile products, machinery and spare parts, palm oil, motor vehicles, iron and steel, plastic products, pharmaceutical products and food and beverage.

In the fiscal year 2011-12, Myanmar's foreign trade reached 18. 15 billion U.S. dollars, of which the export took 9.09 billion dollars, while the import accounted for 9.053 billion U.S. dollars.

Source: Xinhua