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Myanmar's maritime trade records US$2.81bil growth in five months of FY 2022-23

Tan KW
Publish date: Mon, 19 Sep 2022, 10:40 PM
Tan KW
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YANGON, Sept. 19 : Myanmar's seaborne trade with foreign partners reached US$11.52 billion as of Sept 9 in the current financial year 2022-2023 beginning April, according to its Ministry of Commerce.

The maritime trade during the cited period grew by more than US$2.81 billion from about US$8.71 billion a year earlier, data from the ministry showed.

From April to September, Myanmar recorded over US$5.03 billion in value for exports and over US$6.48 billion for imports.

Both export and import saw increases of some US$1.12 billion and US$1.70 billion, respectively.

About 80 per cent of the South-East Asian country's foreign trade is carried out through sea routes.

 - Xinhua

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