Bilateral trade with US increases by $86 million this year

Bean copy
Myanmar pulses are kept on display for sale and export at a market.  Photo: Zaw Min Latt

BILATERAL trade in goods between Myanmar and the United States topped US$244 million in the first half of the present six-month interim fiscal period, according to the latest monthly figures issued by the Ministry of Commerce.
The current figure increased by $86 million against the same period last year.
This year saw Myanmar’s export greater than its import. Between April and June this year, the country exported $156.9 million worth of
commodities, while its imports from the US amounted to $87 million. At this time
last year, the trade between the two countries was $157.8 million, with $53.039 million in exports and $104.755 million in imports.
Myanmar exports marine products, clothing, beans and pulses, forestry and some agriculture products to the American market. Its imports from the US are medicine and related equipment, industrial, transportation and dairy products, and other commodities.
According to the ministry’s annual statistics, the Myanmar-US bilateral trade reached its peak of $718 million in the last 2017-2018 FY. The bilateral trade was $293 million in 2011-12 FY, $122 million in 2012-13 FY, $104 million in 2013-14 FY, $544 million in 2014-15 FY, $196 million in 2015-16 FY and $690 million in 2016-17 FY.

 

Swe Nyein

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