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Trade deficit continues to narrow as exports accelerate

The trade deficit for the first four months of the 2018-19 fiscal year, which starts in October and ends in September, has declined with imports increasing at a slower pace compared to the same period of last fiscal year. According to data provided by the Ministry of Commerce, trade volume for the period up to […]

Hluttaw passes amendments to consumer law

The Pyidaungsu Hluttaw (Assembly of the Union) approved amendments to the Consumer Protection Law at its session on Tuesday. The bill passed by 410 votes for and 156 against. There was some debate among MPs over a provision in the bill requiring the labelling of goods in the Myanmar language that would take effect a […]

Hyundai joins fray in Myanmar’s crowded auto market

Myanmar’s restrictions on imported vehicles are pressing foreign automakers to switch to local production, adding pressure to a crowded field in Southeast Asia’s last promising growth market. Last week, South Korea’s Hyundai Motor marked the opening of a new contract manufacturing facility in Myanmar by launching its first locally made cars. That makes it one […]

Import value of CMP raw materials hit over $600 in three months

CMP (Cut-Make-Pack) businesses have imported raw materials worth over US$600 million over the past three months in the current 2018-2019 fiscal year, exceeding nearly US$100 million compared to the same period of last FY, according to the Ministry of Commerce. From October 1 to January 11 this FY, import value of CMP raw materials reached […]

Myanmar ups efforts to stem fall in rice exports

Myanmar’s rice exports have been falling over the past year, and the government is upping efforts to diversify its markets and reduce costs to better compete with other exporting countries. Myanmar exported 1.7 million tonnes of rice and broken rice worth US$ 578 million in between April and December last year, according to the Ministry […]

Colliers Property Report – Myanmar Retail Quarterly Q4 2018

E-commerce and experiential retail growth potential promising Summary & Recommendations Myanmar can be considered a latecomer to the e-commerce wave, having experienced international isolation until 2011. While the country’s e-commerce future looks favourable, a huge amount of work from the government remains, particularly in improving the legislative framework, information and communications technology, and payment infrastructures. […]

Border trade during Oct-Dec quarter down

BORDER trade between Myanmar and its neighbours during the October-December quarter amounted to more than US$2 billion, down by $71 million, or 3.2 percent from the same period in 2017, according to the Ministry of Commerce. The fall was mainly due to a $563 million drop in trade value at the China-Myanmar border to just […]

Mineral exports decrease 24% in Q1

Mineral exports between Myanmar and overseas trade partners were valued at US$296 million in fiscal year 2018-2019, down by $95 million or 24.4 per cent, as against the same period in the last 2017-2018 FY, the Ministry of Commerce reported. For the same period during the last FY, mineral exports totalled $392.159 million, with $303 […]

Sino-Myanmar border trade falls by $562 mln in Q1

The value of Sino-Myanmar border trade between 1 October and 4 January totalled US$1.24 billion, a decrease of $562.8 million compared with the corresponding period of the previous financial year, according to data from the Ministry of Commerce. Border trade stood at $1.8 billion in the same period of the 2017-2018 fiscal. The drop in […]

Fishery exports fetch $173 mln in current fiscal year

Myanmar’s exports of fishery products between 1 October and 7 December totalled about US$173 million, an increase of $29.6 million compared with the same period last year, according to statistics released by the Commerce Ministry. Fishery exports at the Thai-Myanmar border points of Myawady, Kawthoung, and Myeik registered an increase in the first two months […]