Thai Border Trade Tops $1.1b

​​ Cross-border trade with Thailand exceeded US$1.13 billion this financial year until February 17, according to the Ministry of Commerce. Myanmar imported more than US$870 million worth of goods from Thailand and exported just US$250 million, it said. Myanmar trades with Thailand mainly through the Tarchilek border in Shan State, Myawaddy in Kayin State and others in Tanintharyi Region and […]

Exports Prioritised to Meet Trade Target

​​ According to official figures from the Ministry of Commerce, trade volume reached US$23 billion until the end of January in this fiscal year. The ministry has set the target trade volume to be $31 billion, therefore the ministry will continue trying to achieve its target over the next two months, said U Khin Maung […]

Myanmar Foreign Trade Volume at US$23.5billion as of 10 Feb 2017

​​ Foreign trade volume is over US$23.5billion,  US$61million more compared to the same period of last year, according to the Ministry of Commerce. Up to February 10, Myanmar received more than US$23.5billion from foreign trade, of which US$17.3billion came from overseas trade and more than US$6.1billion from border trade. In the export sector, overseas trade […]

Rice exports plunged by about 400,000 tonnes than last year

The volume of rice exports during this Fiscal Year was down by about 400,000 tonnes when compared to that of last FY, said U Aung Myint, the secretary of Myanmar Rice Traders Association. The rice export in this FY to the Chinese and European markets declined. About 900,000 tonnes of rice have been exported to […]

Central Bank May Liberalise Trade Financing for Foreign Banks

​​ The Central Bank of Myanmar may allow foreign banks to launch trading services if local banks are unable to facilitate trade financing for importers and exporters, Central Bank director general U Win Thaw told the Myanmar Times. “The Central Bank has already allowed local private banks to do trade financing. If they [local private […]

Myanmar CMP Expected to Earn US $ 2 Billion for Garment Industry 

​​ Myanmar is expected to earn about US$ 1.855 billion from CMP (cutting, making and packaging) garment industry which includes the manufacturing of shoes, garment and bags, according to Ministry of Commerce. Export earnings from the garment industry through CMP has more than doubled since last year, according to the Ministry. “Myanmar has earned $1.4 […]

Myanmar Has Earned Over $370m From Rice Exports So Far This Fiscal Year – Ministry

​​ Myanmar export­ed over 1.2 mil­lion tons of rice in the first 10 months of the current fiscal year, earning $376 million, ac­cording to the figures of Ministry of Commerce. As of January, 68 per­cent of rice exports, or 800,000 tons, were sold through border trade, while over 400,000 tons were sold through other channels, […]

China Calls for Giant Trade Zone at Muse

​​ China has urgently proposed a Shweli-Muse border economic cooperation zone to promote trade, reported the Ministry of Commerce. Construction plans would be made and aims and objectives quickly established, it said. The ministry had agreed to the plan, assistant secretary Khin Maung Lwin of the Ministry of Commerce said. “Both sides submitted proposals to form organisations. The proposals […]

Myanmar-Thailand Border Trade Exceeds $1bn

​​ Earnings from border trade between Myanmar and Thailand reached over US$1 billion this fiscal year compared to $160 million in the same period in last fiscal year, according to Directorate of Trade. Myanmar earned $1.025 billion from border trade with Thailand as of January 20 this fiscal year, according to statistics from the department. […]

Myanmar has 3 Years of Strong Growth Ahead, Says World Bank

​​ Myanmar’s economy will recover from a 2016 slump to expand at over 7 percent for next three years, according to a new World Bank review. But the path is still replete with risks, and many of the imbalances that plague the economy are getting worse. Like the IMF, which lowered its estimate in October, […]