Trade deficit sees ‘record high’ at US$ 2.65 Bn

Myanmar’s trade deficit has seen a new record high at US$ 2.65 billion because of stronger imports in the recent fiscal year 2013-14, according to the Ministry of Commerce.

The statistics show a several-time increase of the trade deficit since 2012-13, which was just over US$ 91 million. Nevertheless, the total trade volume rose from US$ 18 billion to US$ 25 billion during the current year.

Myanmar’s total exports in 2013-14 amounted to US$ 11.1 billion while the total imports figured at US$ 13.75 billion. Both show an increase compared to US$ 8.97 billion in exports and US$ 9.06 billion in imports in 2012-13.

The country recorded US$ 100 million in trade surplus in FY 2011-12, when the first civilian government came into power.

Myanmar’s economy structure mainly relies on the export of natural resources such as teak, gems, marine products and natural gas.

Source: ELEVEN Myanmar

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

 Opportunities from COVID19


Looking for foreign investors to invest in your business in Myanmar