Myanmar's foreign trade sector had generated more than US$ 835 million in trade deficits over the past five months of the current fiscal year 2023-2024, according to statistics released by the Ministry of Commerce.

From April 1 to September 22, 2023, the export value amounted to $7300.594 million, and $8136.419 million in the import value with a total trade value of $ 15437.013 million, of which imports amounted to more than $ 835 million, and trade deficits amounted to $835.825 million.

Myanmar's total trade amounted to $33.925 billion from April to March 31 in the 2022-2023 FY. Last year saw $30.351 billion. 2022-2023 FY saw more than $3.573 billion in foreign trade, the ministry said.

During that period, exports to foreign countries amounted to $16.575 billion, exceeding $1.084 billion more than in the previous year.

Myanmar exports agricultural products, animal products, marine products, minerals, forest products, industrial goods, and other goods to foreign countries.

Capital goods, raw materials, human goods, and CMP raw materials are being imported mainly from foreign countries.

The National Export Strategy is being implemented to promote exports from Myanmar, and the National Export Strategy 2020–2025 includes the production of basic foodstuffs, textiles, and clothing, Industrial and Electricity Sector, Marine Products Sector, Forest Products Sector, Digital Products and Services, Support Services, Quality Management Sector, Trade Information, the role of service, and innovation.

From October to September in the 2020-2021 FY, Myanmar's exports amounted to $14.127 billion and $14.658 billion totaling $29.585 billion.

Similarly, imports from abroad amounted to $17.349 billion, exceeding $2.489 billion more than in the previous year.