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December 16, 2019

Bilateral trade with China reaches $8.5 billion this FY

A worker selects fish at the Nyaungtan Jetty in Yangon. Photo: GNLM/Phoe Khwar
A worker selects fish at the Nyaungtan Jetty in Yangon. Photo: GNLM/Phoe Khwar

The value of Myanmar’s trade with China from April to December of the current fiscal year totalled US$8.51 billion, including $4 billion in exports and $4.49 billion in imports, according to figures released by the Commerce Ministry.
Meanwhile, Myanmar’s regional trade with ASEAN countries showed the highest growth, closely followed by its bilateral trade with China.
The border trade with China performed better than trade via sea. Myanmar conducted $3.7 billion worth of sea trade with China, while the value of border trade reached $4.7 billion.
The value of bilateral trade with China was some $10.8 billion in the 2016-2017 FY, $10.9 billion in the 2015-16 FY, $9.7 billion in the 2014-2015 FY, $7 billion in the 2013-2014 FY, $4.95 billion in the 2012-2013 FY and $5 billion in the 2011-2012 FY.
Rice, various types of peas, sesame seeds, corn, fruits and vegetables, dried tea leaves, fishery products, rubber, minerals and animal products are exported to China, whereas machinery, plastic raw materials, consumer products and electronic tools flow into Myanmar.
During this FY, China invested capital of $1.2 billion in 50 projects, according to statistics provided by the Directorate of Investment and Company Administration.—Ko Htet

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