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Myanmar Posts Trade Surplus in July

Myanmar posted a trade surplus of $8.65 million in July, a Central Statistical Organisation report said.

Total foreign trade stood at $1.586 billion in July as exports registered $797.78 million and imports cost $789.13 million.

The export and import includes trade done through the border trade points.

In the first four months (April-July) of the current fiscal year 2013-14, Myanmar’s foreign trade totalled $6.5 billion, of which exports amounted to $2.964 billion and imports $3.536 billion, registering a trade deficit of $572 million.

In 2012-13 fiscal year, Myanmar’s foreign trade totalled $18.421 billion, up $250 million, or 1.4 percent, compared with 2011-12 fiscal year. Exports stood at $9.08 billion, while imports cost $9.341 billion during that period.

Myanmar’s export items include natural gas, jade, beans and pulses, rice, fish, rubber and teak, while import items include oil and gas, auto spare parts, iron and steel, palm oil, pharmaceutical products, plastics, fertiliser, cement and electronic equipment.

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