August 20, 2020: Trade between Myanmar and other members of the Association of Southeast Asian Nations (ASEAN) reached over 9.9 billion U.S. dollars in the first nine months of present fiscal year (FY) 2019-2020, according to the figures released by the Commerce Ministry on Wednesday.
From Oct. 1, 2019 to June 31, Myanmar earned over 3.6 billion U.S. dollars from exports to ASEAN member states while its import valued at over 6.3 billion U.S. dollars.
During the period, Thailand, Singapore and Malaysia were registered as the top three trade partners among ASEAN countries, registering trade values of over 3.9 billion U.S. dollars, over 3.3 billion U.S. dollars and over 1 billion U.S. dollar, respectively, the ministry’s figures said.
Myanmar’s trade with Indonesia recorded at an estimated value of over 936.5 million U.S. dollars, with Vietnam at over 609.47 million U.S. dollars, with the Philippines at over 122.74 million U.S. dollars, with Cambodia at over 25.7 million while trade with Laos registered over 1.3 million U.S. dollars and with Brunei over 0.31 million U.S. dollars.
Myanmar’s agricultural, fishery products, minerals, manufacturing goods and others are mainly exported to foreign trade partner countries while the country imports capital goods, intermediate goods and consumer goods.
Source: XINHUANET
