Export earnings increases over 595 m USD this FY

Export earnings increases over 595 m USD this FY
Published 25 September 2019

 

Till September 13 of 2018-19 fiscal year, the export earnings reached over 15.976 billion US dollars, up over 595 million US dollars compared with the same period last year, according to the Commerce Ministry.

Myanmar exports farm, animal, marine, mining, forest, industrial finished and other products.

According to the figures from the Commerce Ministry, now there is a trade deficit of over 1,200 million US dollars more than one week left before the end of this fiscal year.

Till September 13 of this FY, the export value amounted to 15.976 billion US dollars and the import value, over US 17.218 billion US dollars.

The total external trade is expected to fetch over 31 billion US dollars during this fiscal year. The trade deficit is expected to lower to 500 million US dollars, said Union Minister for Planning and Finance Soe Win.

The current trade deficit has declined by over 1.930 billion US dollars, compared to that in the same period.