China remains Myanmar’s largest trading partner

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Yangon, December (14)

The total trade volume between April and September of the fiscal year 2022-2023, as amended by the Military Council, was 17 billion US dollars, with China accounting for the lion’s share, according to the ISP-Myanmar’s report released on December 13.

Trade with China contributed for 26 percent of total trade and was worth 4.4 billion US dollars.

The second largest trading country is Thailand, with a value of more than 2.9 billion US dollars, followed by Singapore with more than 2.2 billion US dollars.

Myanmar had the highest trade volume of more than 3 billion US dollars in June and August, and the lowest in April was more than 2.4 billion US dollars.

Despite the decline in Myanmar’s trade value during the military coup, China, Thailand, and Singapore remain Myanmar’s top trading partners, while the United States, Spain, and Germany are among the top 10 trading partners.

According to ISP-Myanmar, the trade value of both exports and imports during the 2021–2022 mini-budget period decreased by about 14 billion US dollars as compared to the fiscal year 2020–2021.

This information is compiled by ISP-Myanmar after reviewing the data of the regime’s Ministry of Commerce.

News-Than Lwin Times

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