Unrest affects trade
As the political situation hangs in uncertainty, so does the flow of goods. The Ministry of Commerce released data on external trade from start of current fiscal year (October 1st, 2020) until January 22nd, 2021 and both import and exports have plumm
Bangladesh in talks to buy 100k tonnes of rice
Bangladesh has returned to stalled negotiations to import 100,000 tonnes of rice from Myanmar, according to the Myanmar Rice Federation. Bangladesh had first opened negotiations for the 2017-2018 fiscal year, but the deal fell through when that count
Crop exports rise amid overall trade slump
Although overall exports are down, agricultural exports have surged more than USD 150 million compared to the same time in the previous fiscal year. According to the Ministry of Commerce, such exports had exceeded USD 930 million by December 18. ThosAgricultural exports show strong resilience
As we’ve reported last week and this week again, Myanmar’s trade is going through a roller-coaster ride amidst the Covid-19 crisis. Border trade closures and re-openings, transit restrictions, new markets development have all impacted theExternal trade deeply affected by pandemic
The latest data released by the Ministry of Commerce shows that Myanmar’s external trade for the new fiscal year, between October 1st and November 13th, plunged by USD 1.4 billion from the corresponding period a year ago, reaching only USD 3.08 bil
