Myanmar’s maritime trade up 19.42 pct in over 10 months

Myanmar's maritime trade expanded by 19.42 percent in over 10 months of the 2022-23 fiscal year beginning in April last year, with a total foreign trade value of over 29.33 billion U.S. dollars.

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This photo taken on Feb. 20, 2023 shows a port in Yangon, Myanmar. [Photo by Myo Kyaw Soe/ Xinhua]

Myanmar’s seaborne trade surged 19.42 percent year on year to about 22.24 billion U.S. dollars in over 10 months of the 2022-23 fiscal year beginning in April last year, official data showed on Saturday.

From April 1 last year to Feb. 10 this year, the country’s maritime export rose 10.21 percent to over 9.22 billion dollars from a year earlier, while maritime import climbed 26.94 percent to over 13.01 billion dollars, data from the country’s Ministry of Commerce showed.

During the period, the country saw a total foreign trade value of over 29.33 billion dollars, including its border trade value of more than 7.09 billion dollars, the ministry’s figures showed.

The Southeast Asian country usually does most of its foreign trade through sea routes as it has a long coastline. It conducts border trade with China, Thailand, Bangladesh and India.

The country exports agricultural products, animal products, fisheries, minerals and forest products, manufacturing goods and others, while it imports capital goods, intermediate goods and consumer goods.

YANGON, Feb. 21 (Xinhua)

Xinhua News Agency

Founded in 1931, Xinhua News Agency is one of the largest news organizations in the world, with over 10,000 employees across the globe. As the main source of news and information for China, Xinhua plays a key role in shaping the country's media landscape and communicating its perspectives to the world. The agency produces a wide range of content, including text news articles, photos, videos, and social media posts, in both Chinese and English, and its reports are widely used by media organizations around the world. Xinhua also operates several international bureaus, including in key capitals like Washington, D.C., Moscow, and London, to provide in-depth coverage of global events.

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