04.12.2023 – 08.12.2023 A Tate Papers

According to statistics released by the Ministry of Economy and Commerce, Myanmar’s foreign trade sector had a trade deficit of more than $1.438 billion in almost 8 months of the 2023-2024 fiscal year.

From April 1st to November 24th, 2023-2024 fiscal year, exports were $9387.778 million. The import value was 10826.612 million dollars, and the trade volume reached 20214.390 million dollars. Of this, imports exceeded exports by more than $1,438 million, resulting in a trade deficit of more than $1.438 billion.

From April to March 31 of the 2022-2023 fiscal year, Myanmar’s total trade volume was $33.925 billion, compared to $30.351 billion in the same period last year. In the 2022-2023 fiscal year, foreign trade was 3.573 billion dollars more than the same period last year, according to the Ministry of Economy and Commerce.

During this period, exports to foreign countries were 16.575 billion dollars, which was 1.084 billion more than the same period last year.

Similarly, the amount of imports from foreign countries was 17.349 billion dollars, which is 2.489 billion dollars more than the previous year.

Myanmar exports agricultural products to foreign countries. animal products water products mining equipment forest products Industrial goods Other products are being exported.

investment material to foreign countries; commercial raw materials, consumer goods CMP raw materials are mainly imported.

The National Export Strategy is being implemented in order to increase exports from Myanmar, and the main priority sectors of the National Export Strategy 2020-2025 are agricultural product-based food production. textile and clothing sector; Industrial and electrical sector; Aquatic industry sector; forest products sector; digital products and services sector; logistics service sector; quality management sector; Trade Information Services Sector; Innovation and entrepreneurship sector etc. are included.

In the fiscal year 2020-2021, from October to the end of September, Myanmar’s foreign trade exports reached $14,927.065 million (14.927 billion). With imports of $14,658.084 million (14.658 billion), the trade volume reached $29,585.149 million (29.585 billion).

From October to September of fiscal year 2019-2020, the export value was $17,681.087 million. With the import value of 19050.855 million dollars, the trade volume was 36731.942 million dollars.

In fiscal year 2018-2019, exports were $17,060.415 million. With imports of 18086.597 million dollars, the trade volume was 35147.012 million dollars.

During the 2018 Mini Budget, exports were $8861.032 million. With imports of 9866.502 million dollars, the trade volume was 18727.534 million dollars.

In fiscal year 2017-2018, exports were $14,883.160 million. With imports of 18649.892 million dollars, the trade volume was 33578.052 million dollars.

In the current fiscal year, Myanmar’s rice exports to foreign countries have decreased compared to the previous year, but at present, in addition to G to G programs, China, The EU market and ASEAN countries have increased the purchase of Myanmar rice, according to the Myanmar Rice and Rice Federation.

“When it comes to exporting rice, we have G to G programs as far as we can. Now I buy mostly from China and European markets. Now neighboring ASEAN countries such as Indonesia, Malaysia We can see that these countries in the Philippines are also increasing their purchases,” said U Ye Min Aung, chairman of the Myanmar Rice Federation.

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“It is estimated that around two million tons will be sent. But it is still less than last year. October November We can ship in December. The six months from October to March are the export season. Last month, the export of rice earned more than 40 million dollars,” U Ye Min Aung said.

In September 2023, more than 49,260 tons of rice were exported from maritime trade, and the largest amount of rice was exported to EU member countries with more than 10,190 tons, according to the Ministry of Economy and Commerce.

From September 1 to 30, more than 4,926,000 tons of rice valued at $27.052 million were exported through the normal trade route. More than 33,490 tons of rice were exported to Asian countries. More than 10,190 tons of rice were exported to EU member countries and more than 5,570 tons of rice to African countries.

In Asian countries, the countries that export rice are more than 11,770 tons of rice to Indonesia. More than 11,390 tons of rice to Malaysia More than 9,560 tons of rice to the Philippines. More than 406 tons of rice were exported to Singapore, more than 230 tons of rice to Hong Kong and more than 100 tons to Taiwan.

Among the EU member countries, the rice exporting countries are more than 3120 tons of rice to Poland. 1520 tons of rice to Slovenia More than 1050 tons of rice to Czech Republic More than 750 tons of rice to Italy Lithuania 500 tons of rice each to Croatia, Belgium and Hungary. More than 320 tons of rice to Lebanon More than 330 tons to Bulgaria 250 tons of rice to the Netherlands 250 tons of rice to Greece, 150 tons of rice to Portugal. 130 tons of rice to Germany 100 tons of rice to Libya 104 tons of rice to Romania A few tons of rice were exported to France and Spain. 3640 tons of rice from Mozambique. 500 tons of rice to New Zealand; More than 15 tons of rice to Benin More than 157 tons of rice were exported to Togo and 1118 tons of rice to Ivory Coast.

In September, Myanmar-China border trade exported more than 3,475 tons of rice with a value of $1.552 million. More than 52,730 servings of rice can be exported from the two methods, and the value is more than 28.604 million dollars. More than 20,000 tons of rice was exported compared to the previous month’s rice export.

During the period from September 1 to 30, more than 29,550 tons of broken rice worth $13.14 million were exported from the normal trade route. As broken rice exports, more than 15,050 tons of broken rice were exported to Asian countries and more than 14,500 tons of broken rice were exported to EU member countries. More than 3,730 tons of broken rice were exported from the Myanmar-China border trade, with a value of $1.522 million.

During the month of September, a total of 8,610 tons of rice and broken rice were exported, and the value was more than 43.320 million dollars.