Myanmar’s trade turnover with ASEAN countries hits 9.6 billion USD

 Myanmar’s trade turnover with member countries of the Association of Southeast Asian Nations (ASEAN) hit 9.6 billion USD in the 2016-2017 fiscal year, which ended in March.

Of the total, Myanmar’s export turnover to the regional trade partners reached 3.09 billion USD, while its import value was 6.51 billion USD, according to Myanmar’s Ministry of Commerce.

Thailand was Myanmar’s biggest trade partner in ASEAN, with turnover of 4.27 billion USD. It was followed by Singapore with 2.96 billion USD, Malaysia with 980 million USD, Indonesia with 827 million USD, Vietnam with 494 million USD and the Philippines with 56 million USD.

However, Myanmar’s trade value with Brunei, Laos and Cambodia was below 3 million USD.

Data showed that in the 2015-2016 fiscal year, Myanmar’s trade with the ASEAN countries was worth 10.43 billion USD, down from 12.6 billion USD in 2014-2015.

Myanmar’s main goods shipped to the regional nations were agricultural products, seafood, minerals and industrial goods while the country imported consumer goods, electronic products, materials and automobile components.-VNA

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