Myanmar imports hit all-time high for this fiscal year

IMPORTS to Myanmar reached an all time high of US$13.6 billion this January, up $162 million from the previous year, according to an official from the Ministry of Commerce.

The import volumes for this fiscal year were valued at US$13.6 billion according to figures received this year until the end of January, said Director U Win Myint of the ministry. “There has been an annual increase in the import of iron and steel, vegetable oil, chemical products and household goods.”
Imports of iron and steel, vegetable oil and chemical products increased to $75million, $18 million and 17 million respectively, said the director.

According to the MIC, the real estate sector has received the most foreign investment with a volume of $230 million for this fiscal year while the mining sector receiving over $2 million, the manufacturing sector $700 million, energy sector $50 million, Hotels and Tourism $100 million and others 131 million in foreign investment.

 

Source: GLNM

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