Sea trading declining

The Ministry of Commerce reported that sea trading has declined, resulting in a loss of over US$1 billion compared to the previous fiscal year.

In the current fiscal year the income from sea trade amounted to over US$6.652 billion compared to the previous year’s record of US$ 7.900 billion with a loss of US$1.248 billion.

There are two types of international trading currently practiced: by sea and through the land borders.

The Ministry of Commerce also said that Myanmar imported more goods than it exported where else trading through the land borders recorded higher export s than imports.