February 12, 2017

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Import value expected to reach US$ 17 billion in 2020-2021 fiscal year

Containers are seen at Asia World port in Yangon.
Containers are seen at Asia World port in Yangon.

THE total national import value is expected to reach US$ 17 billion in 2020-2021 fiscal year, according to the Second National Development Plan.
Myanmar expects to reach an import value of US$17,933 million with an export value of US$20,224 million from trade sector in 2020-2021 fiscal year.
Myanmar mainly exports agriculture products, products from animals, natural products, forestry products and industry products while mainly importing personal goods and raw goods from overseas.
The value of external trade this financial year amounts to US$10,731 million. However, the value of the external trade has decreased by US$74.959 compared with the same period last year.
According to central statistical organisation data, the trade deficit was US$91.9 million for the 2012-2013 FY, US$25,55.5 million for the 2013-2014 FY and UYS$4,912.559 million for the 2015-2016 FY. Myanmar’s trade deficit hit a record high in the 2015-2016 FY at US$ 5,407.464 million.

 

 

Min Thu

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