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October 21, 2019

Bilateral trade between US, Myanmar valued at $568million this FY

Rice, various types of pulses, forest products, fish, prawns, apparel, garments produced on cut-make-pack system and other finished industrial goods were shipped to the US. Photo: GNLM/Phoe Khwar

Myanmar’s trade with the United States (US) from 1 April to 31 December was worth some US$568 million, including $212 million in exports and $356 million in imports, according to statistics provided by the Commerce Ministry.
Rice, various types of pulses, forest products, fish, prawns, apparel, garments produced on cut-make-pack system and other finished industrial goods were shipped to the US. Meanwhile, Myanmar mainly imported personal goods, capital goods and industrial raw materials from the US.
Under Barack Obama’s government, the US reinstated Myanmar’s eligibility for a generalised system of preferences benefits after the imposition of economic sanctions against Myanmar for more than two decades.
The US made investments worth $129 million in Myanmar this fiscal year.

Mon Mon

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