Myanmar's foreign trade up 22.32 pct in nearly 8 months-Xinhua

Myanmar's foreign trade up 22.32 pct in nearly 8 months

Source: Xinhua| 2022-11-25 15:51:30|Editor: huaxia

YANGON, Nov. 25 (Xinhua) -- Myanmar's total goods imports and exports surged 22.32 percent year on year to over 21.46 billion U.S. dollars in nearly eight months of the 2022-23 fiscal year beginning in April, official data showed Friday.

From April 1 to Nov. 18 this year, exports rose 16.84 percent to 10.42 billion U.S. dollars from a year earlier while imports climbed 27.99 percent to 11.04 billion U.S. dollars, data from the Ministry of Commerce showed.

During the period, about 77.01 percent of the country's total trade was done via sea routes, and about 22.98 percent was conducted through land borders.

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.