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Maritime trade exceeds US$4,300 million in 2022-2023 FY

Until 3 June of the 2022-2023 Financial Year (FY), Myanmar’s seaborne trade reached US$ 4,345.852
million, an increase of $1,088.440 million from the same period last year, according to the Ministry of
Commerce.

Export by sea imports of trade increased from the previous financial year to a total of $3,257.412 million in the last 2021- 2022 financial year. Exports in the current fiscal year Imports and exports amounted to $4,345.852 million.

There are nine ports for seaborne trade in Myanmar, and more than 150 cargo ships have docked in Yangon port alone in the past five months, according to a statement from the Myanma Port Authority. Cross-border trade totalled $1,707.315 million during the 2021-2022 financial year, down from $1,164.925 million as of 3 June of this financial year, down $542 million from the previous year. Maritime trade increased while cross-border trade declined due to the COVID-19 outbreak.

Source: The Global New Light of Myanmar

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