Myanmar's foreign trade deficit registers $1.05b

YANGON, June 23 (Xinhua): Myanmar registered 1.05 billion US dollars of trade deficit as of June 14 in present fiscal year (FY) 2018-2019, according to the Commerce Ministry on Saturday.

From October 2018 to June 14 this year, the country's export value reached 11.8 billion US dollars while its import totaled 12.9 billion US dollars, registering a total foreign trade to 24.7 billion US dollars.

This FY's total trade deficit showed a significant decrease by over 2 billion US dollars, compared to the same period of last FY 2017-2018 when it was over 3 billion U.S dollars.

In the same period of last FY 2017-2018, total foreign trade amounted to 24.4 billion US dollars, with 10.7 billion US dollars' export and 13.7 billion US dollars' import.

The country mainly exports agricultural products, animal products, fisheries, minerals, forest products, finished industrial goods to foreign countries while imports capital goods, intermediate goods and consumer goods.