Myanmar's sea trade registers over US$10bil in 5 months

Description: 

" Myanmar's trade through sea routes registered over US$10.4bil in the first five months of the present fiscal year (FY) 2019-2020, which started in October, according to figures released by the Commerce Ministry on Saturday (Feb 22). The country fetched over US$4.14bil from maritime export while its import shared over US$6.33bil as of Feb 14 this FY. This fiscal year's sea trade saw a significant increase by over US$1.58bil, compared to the same period of the last fiscal year 2018-2019, the ministry's figures showed. Approximately 80% of Myanmar's foreign trade is done through sea-borne trade and its border trade is conducted with neighbouring countries -- China, Thailand, India and Bangladesh, respectively. From Oc. 1, 2019 to Feb. 14 of this FY, the country's foreign trade totalled over US$14.5bil with over US$6.76bil in export and US7.77bil in import..."

Source/publisher: 

"The Star Online" (Selangor)

Date of Publication: 

2020-02-22

Date of entry: 

2020-02-23

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar, China, Thailand, India, Bangladesh

Language: 

English

Resource Type: 

text

Text quality: 

    • Good