Export earnings from natural gas on the rise

Up to early September, Myanmar’s export earnings from natural gas exceeded US$1.2 billion, up nearly $7.986 million from the same period last year, according to the commerce ministry. U Khin Maung Lwin, the ministry’s assistant permanent secretary said: “Export earnings reached $1.233 billion. Last year, they exceeded $1.226 billion. This is due to an increase […]

Ministry, UMFCCI Join Calls for Import Substitution as Import Rises

The import volume has increased by US$600 million, compared to the same period from the previous fiscal year, according to 2017-18 trade statistics up till May from the Ministry of Commerce (MOC). Total trade volume from April 1, 2017 to June 2, 2017 is $5.07 billion – an export of $1.9 billion and import of $3.11 billion. When compared to last year’s performance, export increased by about $100 million while Myanmar imported $600 million more than last […]