Myanmar s trade value increases in 2016

Nay Pyi Taw April 18 (IANS) Myanmar s total foreign trade increased by $1.086 billion in the just-ended fiscal year 2016-2017 from the previous fiscal year 2015-2016 the Ministry of Commerce here said on Tuesday.

The total trade value amounted to $28.801 billion in the FY 2016-17 while that in FY 2015-16 was $27.714 billion Xinhua news agency reported citing ministry figures.

During 2016-2017 the export value hit $11.620 billion up from $11.136 billion in 2015-2016 while the trade deficit showed $5.5 billion in 2016-17 also up from $5.4 billion in 2015-2016.

Natural gas agricultural produces and manufacturing products are the country s main export items while the capital goods and household goods are mostly imported items.

Myanmar s major trading partners include China India Thailand Singapore Malaysia and some European countries.

--IANS
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