The value of Myanmar’s maritime trade reached USD 24.76 billion between 1 October and 30 September in the 2018 – 2019 fiscal years which decreased when compared to the same period of last fiscal year

The value of Myanmar’s maritime trade for the period between 1 October and 30 September in the 2018-2019 fiscal year totalled US$24.76 billion, a decline of over $1.9 billion compared with the year-ago period, state media reported.

During the previous fiscal, maritime exports were valued at $9.76 billion, while imports were registered at $15 billion. Compared to the same period in the 2017-2018 fiscal, imports were lower by $1.35 billion, while exports registered a drop of $568 million.

During the same period, the value of trade through the border gates was estimated at $10.2 billion, an increase of $1 billion amid tight confiscation of illegal, untaxed goods and trade suspension by Myanmar’s main trade partner, China, while border trade with Thailand rose dramatically.

(Mizzima: http://www.mizzima.com/article/maritime-trade-decreases )

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