Ministry of Commerce: exports up 36% YoY

Ministry of Commerce: exports up 36% YoY

The MOC’s efforts to boost the countries’ export seem to start paying off. According to their most recently released data, exports were up 36% this fiscal year, from October to December, compared to the same period last year, totaling USD
Containers in port

New law aims to reduce imports

The Myanmar parliament has passed legislation designed to limit foreign imports, boost domestic manufacturing and strengthen the Myanmar kyat. The new law calls for the formation of a new Committee for Preventing an Increased Quantity of Imports (und
Trade balance improves in First Half of Fiscal Year

Trade deficit drops by USD 1.3 billion in the second quarter

During the first six months of FY 2018-2019, the trade deficit has dropped by USD 1.315 billion compared to the same period during FY 2017-2018. The data was released by U Maung Maung Win, Deputy Minister of the Ministry of Commerce, at a meeting of