THE total value of imports during this fiscal year hit US$15.024 billion, an increase of nearly $165 million compared with the same period last year, according to the Ministry of Commerce.
The country bought $6.160 billion worth of capital goods, $5.309 billion worth of industrial raw materials and $3.554 billion worth of personal goods mainly from its neighbours.
From 1 April of last year to 24 February of this year, the government sector bought capital goods, raw materials and personal goods that amounted to over $849.830 million from international trade partners, while the private sector imported $14.174 billion worth of products.
The import value over the same 11 months of last financial year totalled $14.858 billion, including $2.406 billion from the government sector and $12.452 billion from the private sector, with the country importing $7.578 billion worth of capital goods, $4.300 billion worth of industrial raw materials and $2.980 billion worth of personal goods.
Myanmar normally imports luxury products, personal goods, construction materials, agricultural machinery, raw materials, household goods, foodstuff and electronic devices predominately from neighbouring countries. According to the ministry’s statistics, the country exported $10.231 billion worth of products this fiscal year, including minerals, fish products, animal products and agriculture products through sea routes and border trade camps, an increase of more than $470 million compared with last FY.