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March 23, 2009

Myanmar reports $11bn in foreign trade in 2008
Myanmar's foreign trade volume hit $11.492 billion in 2008, up 17.8 percent from 2007, Chinese news agency Xinhua reported, quoting the latest government monthly economic indicators.

Of the $11.492 billion foreign trade, the exports amounted to $7.106 billion, up 10.8 percent, while the imports took $4.385 billion, also up 31.2 percent, enjoying a trade surplus of $2.721 billion.

The apparent increase of Myanmar's foreign trade in 2008 was attributed to the export of natural gas which topped the country's exports during the year with $2.486 billion.

Myanmar's foreign trade is mainly with Asian countries which accounts for 90 percent of the total. The trade with other member countries of the Association of Southeast Asian Nations (Asean) represents 51.3 percent. The remaining are with European countries with 4.8 percent and American countries 1.5 percent.
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