Myanmar's maritime trade up 12.19 pct in 2022-23 fiscal year-Xinhua

Myanmar's maritime trade up 12.19 pct in 2022-23 fiscal year

Source: Xinhua| 2023-04-29 21:16:00|Editor: huaxia

YANGON, April 29 (Xinhua) -- Myanmar's seaborne trade surged 12.19 percent year-on-year to over 25.35 billion U.S. dollars in the 2022-23 fiscal year, data of the country's Ministry of Commerce showed on Saturday.

During the fiscal year from April 1, 2022 to March 31 this year, Myanmar's maritime export was valued at over 10.48 billion dollars, while maritime import amounted to over 14.86 billion dollars, according to the ministry's figures.

Meanwhile, the country saw a total foreign trade value of over 33.92 billion dollars, including its border trade value of more than 8.57 billion dollars, the ministry's figures 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.

Myanmar exports agricultural products, animal products, marine products, minerals, forest products, manufacturing goods and others, while it imports capital goods, intermediate goods and consumer goods.