Till January 17 of this fiscal year, the total trade value reached 11.293 billion US dollars, up 1.715 billion US dollars compared with the same period last year, according to the Commerce Ministry. 

Currently, there is a trade deficit of 421.857 billion US dollars. Last year around this time, the trade deficit reached over one billion US dollars. Trade deficit declined by 588.966 million US dollars this year. 

This time last year, the total trade value amounted to 9.577 million US dollar. During the current fiscal year, the exports fetched 5.453 billion US dollars while the imports amounted to  5.857 billion US dollars. 

The total trade value is expected to hit 34 billion US dollars and the total export value, 18 billion US dollars. The trade deficit is expected to hit 500 million US dollars in 2019-20 FY. But in practice, the ministry faces many difficulties in trying to hit the target set, said Commerce Minister Dr. Than Myint.

Trade deficit hit over five billion US dollars in 2016-17 FY, 3.8 billion US dollars in 2017-18 FY, over one billion US dollars in 2018-19 FY and over 1.15 billion US dollars in 2018-19 FY. 

The total trade value reached over 29 billion US dollars in 2016-17 FY, over 33 billion US dollars in 2017-18 FY and over 18 billion US dollars in 2018 FY (mini-budget).