Myan­mar cut trade deficit in first two months of cur­rent fis­cal year

Mizzima Business Weekly - - BUSINESS -

In the last two months, Myan­mar cut trade deficit to US$765.8 mil­lion from $936 mil­lion in the same pe­riod last year, re­ported the state-run news­pa­per The Global New Light Of Myan­mar. Myan­mar made changes to fis­cal year which in the past run from April 1 to March 31. So, the first new fi­nan­cial year com­menced on 1 Oc­to­ber 2018 and would end on 30 Septem­ber 2019. In the 2018-2019 fis­cal year, Myan­mar’s ex­ports have been es­ti­mated at $2.67 bil­lion and im­ports are pegged at $3.43 bil­lion. Myan­mar ex­ports agri­cul­tural prod­ucts, an­i­mal prod­ucts, min­er­als, for­est prod­ucts, and fin­ished in­dus­trial goods. The im­ports in­clude cap­i­tal goods, raw in­dus­trial ma­te­ri­als, in­clud­ing CMP goods, and con­sumer goods. Myan­mar's im­port of con­sumer goods de­creased five per­cent since Oc­to­ber, as against the same pe­riod last year.

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