Myanmar Trade Surplus

Myanmar continued to enjoy a surplus of 1.4 billion U.S. dollars in its foreign trade in the first half (April-September) of the fiscal year 2010-11, the local Weekly Eleven News reported Tuesday.

The foreign trade for the half-year period registered 6.8 billion U.S. dollars, of which the export amounted to 4.1 billion dollars, while the import 2.7 billion dollars.

Of the 4.1 billion dollars’ export, that earned through normal trade took 3.6 billion dollars, while that through border trade 480 million dollars.

The export included 900 million dollars’ agricultural produces.

Of the 2.7 billion dollars’ import, that bought in through normal trade represented 2.2 billion dollars, while that through border trade 400 million dollars.

In the fiscal year 2009-10, Myanmar’s foreign trade totaled 11. 79 billion dollars, of which the export went to 7.609 billion dollars, while the import 4.181 billion dollars, enjoying a trade surplus of 3.428 billion dollars.

The border trade during the year hit 1.38 billion dollars, representing the highest annual trade of its kind compared with the past five years. Of the total border trade with four neighboring countries of China, Thailand, India and Bangladesh, Myanmar’s export to them amounted to 660 million dollars, whereas its import from them stood over 710 million dollars.