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September 21, 2019

Sino-Myanmar bilateral trade worth US$3.7 bln in four months Oct-Jan

Sein Ta Lone mangoes are displayed at the 105-mile trade centre in Muse. Photo: Thant Zin @ Muse

The value of Myanmar’s trade with China in the first four months (Oct-Jan) of current fiscal year 2018-2019 totalled US$3.74 billion, including $1.6 million worth of exports and $2.13 billion for import, according to data released by the Ministry of Commerce.
Meanwhile, Myanmar’s regional trade with ASEAN countries showed the highest growth, closely followed by its bilateral trade with China. The value of bilateral trade with China was $6 billion in the past mini-budget period, $11.78 billion in the 2017-2018 fiscal year and $10.8 billion in the 2016-2017 FY respectively.
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 the Oct-Jan period, 42 projects from China were approved by Myanmar Investment Commission and the related investment committees of regions and states. China brought capital of $124.86 million into the country including expansion of investments by the existing enterprises, according to statistics provided by the Directorate of Investment and Company Administration.

—GNLM (Translated by Ei Myat Mon)

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