Home MMBIZ News China Remains Myanmar’s Biggest Trading Partner

China Remains Myanmar’s Biggest Trading Partner

China continued to be the biggest trading partner of Myanmar during the fiscal year ended March 31, according to data released by the Commerce Ministry.

Bilateral trades with China during the fiscal year amounted to $7.53 billion out of the country’s total traded volumes worth $24.87 billion, accounting for slightly more than 30 percent of Myanmar’s total trade.

Myanmar’s export to China was $2.91 billion while China’s export to Myanmar reached over $4 billion during the period.

With over $5.56 billion worth of bilateral trades, Thailand turned out to be the second biggest trading partner of Myanmar last fiscal.

Myanmar mainly sold rice, corn, beans, pulse, sesame, rubber, fishery products, teak, hardwood, natural gas, jade and garments to China, India, Bangladesh, Australia, UAE, Belgium, Indonesia, Italy, Japan, Korea, Malaysia, Pakistan, Philippines, Russia, Saudi Arabia, Singapore, Spain, Thailand, UK, USA, and Vietnam, the Central Statistics Organization said.

- Advertisment -

Must Read

NIVEA Myanmar and City Mart with the Contribution of Customers Donate...

အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် NIVEA Myanmar together with City Mart Holding Co., Ltd. (CMHL) have donated K16.065 million to the Myanmar Red Cross Society as part...