• Burmese
Tuesday, July 15, 2025
No Result
View All Result
NEWSLETTER
The Irrawaddy
29 °c
Yangon
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home Business

Trade Deficit Reaches US$1.73 Billion in Govt’s First Six Months

Kyaw Hsu Mon by Kyaw Hsu Mon
October 7, 2016
in Business
Reading Time: 1 min read
0 0
A A
The Asia World Port, Burma’s biggest container port, on the Hlaing River in Rangoon, May 14, 2016. (Photo: Reuters /Soe Zeya Tun)

The Asia World Port, Burma’s biggest container port, on the Hlaing River in Rangoon, May 14, 2016. (Photo: Reuters /Soe Zeya Tun)

3.2k
VIEWS
Share on FacebookShare on Twitter

RANGOON — Burma’s trade deficit has reached US$1.73 billion in the National League for Democracy government’s first six months, beginning in April, significantly lower than the $2.24 billion deficit reached over the same six-month period last year.

From April till the end of September this year, Burma’s total trade volume amounted to US$12.9 billion, with exports worth $5.6 billion and imports $7.3 billion, according to figures from the Ministry of Commerce.

This puts exports $11.9 million higher than the same period last year, but imports $495 million lower, signaling an overall decline in the total volume of trade.

RelatedPosts

Myanmar and Russian Regimes Push Indian Trade Corridor to Bypass Western Sanctions

Myanmar and Russian Regimes Push Indian Trade Corridor to Bypass Western Sanctions

July 15, 2025
44
KIA Denies Rumor Chief Under House Arrest in China

KIA Denies Rumor Chief Under House Arrest in China

July 11, 2025
1k
To Belarus for Bullets and Ballot Scam; A Bogus Peace Forum; and More

To Belarus for Bullets and Ballot Scam; A Bogus Peace Forum; and More

June 28, 2025
1.2k

“Exports of oil and gas, and of gems, are significantly down this year,” U Yan Naing Tun, director-general of Ministry of Commerce, told the Irrawaddy. However, he said that increases in agricultural exports had helped make up some of the shortfall.

The director-general attributed the decline in imports to a relative slowdown in construction and infrastructure development during the period.

Burma’s major exports are oil, gas, gems, marine products, and agricultural products including rice, beans, pulses and rubber. Its major exports include electronics and materials used in construction.

The Ministry of Commerce anticipates a total trade volume of $32 billion through the current fiscal year ending on March 31, 2017. The total trade volume for the previous fiscal year reached $26 billion.

Burma’s trade volume increased steadily year on year after political and economic reforms were launched under former President U Thein Sein in 2011. However, in 2015, the last year of U Thein Sein’s term, the trade volume appeared to be leveling off.

Your Thoughts …
Tags: Trade
Kyaw Hsu Mon

Kyaw Hsu Mon

The Irrawaddy

Similar Picks:

Drone Attack at Myanmar-China Border Gate Causes Over $14m in Losses
Business

Drone Attack at Myanmar-China Border Gate Causes Over $14m in Losses

by The Irrawaddy
November 27, 2023
38.6k

Jin San Jiao is latest northern Shan State trade hub in crosshairs of ethnic Brotherhood Alliance.

Read moreDetails
General Close to Myanmar Junta Boss Placed Under House Arrest, Interrogated for Corruption
Burma

General Close to Myanmar Junta Boss Placed Under House Arrest, Interrogated for Corruption

by The Irrawaddy
September 14, 2023
28.7k

The arrest of ‘kickback king’ Lt-Gen Moe Myint Tun, once seen as a possible successor to Min Aung Hlaing, comes...

Read moreDetails
Indian Blockade Isolates Myanmar’s Rakhine, Pressures Arakan Army to Leave Chin State
Burma

Indian Blockade Isolates Myanmar’s Rakhine, Pressures Arakan Army to Leave Chin State

by The Irrawaddy
June 28, 2024
13.3k

An ethnic Chin group on India’s border has cut off the last major supply route to Rakhine and issued an...

Read moreDetails
Singapore and Indonesia in Spotlight Over Illegal Arms Exports to Myanmar
Guest Column

Singapore and Indonesia in Spotlight Over Illegal Arms Exports to Myanmar

by Bertil Lintner
October 3, 2023
11.8k

Two recent cases reveal how companies have evaded local and international rules to supply the junta with military hardware.

Read moreDetails
Karen Ethnic Army Launches Final Push to Capture Myawaddy on Thai Border
Burma

Karen Ethnic Army Launches Final Push to Capture Myawaddy on Thai Border

by The Irrawaddy
April 9, 2024
10.3k

The KNLA and PDF groups launched an attack on the last junta battalion defending Myawaddy on Tuesday afternoon and were...

Read moreDetails
China’s Export Ban is Causing Shortages of Medicine, Fuel And Food in Myanmar
Business

China’s Export Ban is Causing Shortages of Medicine, Fuel And Food in Myanmar

by The Irrawaddy
October 28, 2024
10k

Beijing’s crackdown on border trade with Myanmar is aggravating the post-coup economic crisis and the construction sector could see a...

Read moreDetails
Load More
Next Post
Thai Buddhist monks walk with candles through Bangkok’s Thammasat University on Oct. 6, 2006 / Adrees Latif / Reuters

Buddhist Monks Lead Commemoration of 1976 Thai Massacre

US President Barack Obama talks to the media as he meets with State Counselor Daw Aung San Suu Kyi at the Oval Office of the White House in Washington, D.C. on September 14. / Reuters

Obama lifts sanctions against Burma

No Result
View All Result

Recommended

Trump’s Tariffs to Hit Myanmar’s Garment Manufacturers Hard

Trump’s Tariffs to Hit Myanmar’s Garment Manufacturers Hard

6 days ago
1.3k
China’s Surveillance State Watches Everyone, Everywhere

China’s Surveillance State Watches Everyone, Everywhere

1 week ago
1.1k

Most Read

  • Myanmar Junta’s ‘Living Fence’ on Thai Border Falls to Karen Resistance

    Myanmar Junta’s ‘Living Fence’ on Thai Border Falls to Karen Resistance

    shares
    Share 0 Tweet 0
  • Myanmar Junta Launches Space Agency With Russian Help

    shares
    Share 0 Tweet 0
  • TNLA Invites Investment in Ruby and Mineral Towns Amid Myanmar Junta Onslaught

    shares
    Share 0 Tweet 0
  • ‘Las Vegas in Laos’: the Riverside City Awash With Crime

    shares
    Share 0 Tweet 0
  • Two Myanmar Migrants Still Languish in Thai Jail Over Min Aung Hlaing Protest

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Books
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.