According to the export / import route within four months, there were 49.62% of exports, nearly 31 percent by land, 3 percent by air and more than 76 percent of import by sea, according to the Ministry of Planning and Finance. It is known that 58% of exports in one year are by sea; Nearly 18% by land, almost 4% by air and almost 80% by import by sea based on the export/import route, according to the Ministry of Planning and Finance. In the export / import route, from October to September of the 2019-2020 fiscal year, exports were 18.46% by land; 58% by sea; 3.71% by air and 19.83% by gas pipeline, according to the Export / Import Statistics Team.
From October to September of the 2019-2020 fiscal year, the imports were 16.54% by land, 78.95 % by sea and 4.51% by air. As of January of the 2020-2021 fiscal year, China was the largest importer of Myanmar with over US $ 2024 million; Singapore is worth more than $ 990 million and Thailand more than $ 700 million, according to the Ministry of Commerce. In the four months to January of the 2020-2021 fiscal year, the largest imports to Myanmar were from China at $ 2,024.80 million; $ 990.90 million from Singapore; $ 700.46 million from Thailand; 368.98 million from Indonesia; $ 358.41 million from Malaysia; $ 229.32 million from India; $ 179.60 million from South Korea; $ 158.88 million from Japan; Vietnam imported $ 158.61 million and the United States $ 96.28 million, according to the Ministry of Commerce.
In the four months to January of the 2020-2021 fiscal year, China topped the list of Myanmar’s top 10 exporters with $ 2,275.54 million, followed by Thailand with $ 919.72 million, $ 341.70 million to Japan; $ 309.59 million to India; $ 263.23 million to the United States; $ 157.57 million to Spain; $ 142.91 million to Germany; $ 140.85 million to the UK; $ 116.361 million to South Korea; It exported $ 112.93 million to the Netherlands, according to the Ministry of Commerce. The main priority areas of the National Export Strategy 2020-2025 are agro-based food production; Textile and clothing sector; Industry and electronics; Fisheries sector; Forest products; Digital products and services; Logistics services; Quality management sector; Trade Information Services and innovation and entrepreneurship.
Source: Daily Eleven