Trade between Myanmar and US reaches $550 million
The ministry explained that Myanmar imported consumer products worth $428 million and investment-related equipment worth $50 million and raw materials worth $21 million.
Foreign investment in Myanmar hit $8 billion while the country imported investment-related items worth $7.3 billion.
Myanmar’s exports are split into seven groups, including agricultural products, and imports are divided into three main groups: investment-related items, raw materials and consumer products.
The foreign trade volume from April 1 to 17 this fiscal year saw a slight drop as it reached $551 million, compared with that of last year which hit $613 million in the same period. ■