ASEAN KEY DESTINATIONS
Myanmar suffers trade deficit in first half of FY 2013-14
Myanmar suffered a trade deficit of 443 million U.S. dollars in the first half of the fiscal year 2013- 14 which lasted from April to September, official media reported Friday.
During the half-year period, Myanmar's foreign trade totaled 10. 649 billion dollars, of which exports amounted to 5.103 billion dollars, while the imports stood at 5.546 billion dollars, the New Light of Myanmar reported, citing Central Statistical Organization.
Of the 5.103 billion dollars' total export, 1.416 billion dollars were transactions through border trade.
Of the 5.546 billion dollars' total import,border trade stood at 851 million dollars.
However, the single month of September registered a trade surplus of 136.44 million dollars, according to the statistical organization.
Earlier statistics showed that in the fiscal year 2012-13, Myanmar's foreign trade totaled 18.421 billion dollars , up over 250 million dollars or 1.4 percent compared with 18.17 billion dollars in the previous fiscal year.
Of the total, exports accounted for 9.08 billion dollars, while the import represented 9.341 billion dollars.
The export items include natural gas, jade, beans and pulses, rice, fish, rubber and teak while import items include oil and gas, auto spare parts, iron and steel, palm oil, pharmaceutical products, plastics, fertilizer, cement and electronic equipment.
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below