Sat, 23 Sep 2023

YANGON, March 21 (Xinhua) -- Myanmar's total goods imports and exports surged 14.08 percent year on year to over 32.01 billion U.S. dollars in over 11 months of the 2022-23 fiscal year beginning in April last year, official data showed Tuesday.

The country's total trade during the same period a year earlier was valued at more than 28.06 billion dollars, data from the Ministry of Commerce showed.

From April 1 last year to March 10 this year, exports rose 9.52 percent to over 15.65 billion dollars from a year earlier, while imports climbed 18.8 percent to over 16.36 billion dollars, the ministry's data showed.

Myanmar's sea trade during the period was valued at over 24 billion dollars, while its border trade amounted to over 8 billion dollars, the ministry's data showed.

The Southeast Asian country usually does most of its foreign trade through sea routes as it has a long coastline. It conducts border trade with China, Thailand, Bangladesh and India.

The country exports agricultural products, animal products, fisheries, minerals and forest products, manufacturing goods and others, while it imports capital goods, intermediate goods and consumer goods.

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