Myanmar’s Imports Continue to Outpace Exports in Q1

 

RANGOON — Burma’s export volume rose slightly in the first quarter of the 2015-16 fiscal year compared with the same period last year, but failed to keep pace with increasing imports in an indication that the weakening of the country’s currency in recent months has failed to curtail a growing trade deficit.

In the quarter from April 1 to June 30, exports totaled US$2.7 billion, compared with $2.5 billion over the same period in 2014-15, Ministry of Commerce data show.

“It has increased about $220 million this year compare to last year same period,” said Win Myint, director of the Ministry of Commerce’s Trade Promotion Department.

But the country’s imports have continued to outpace exports, rising to $4.6 billion in the first quarter compared with $4.1 billion over the same period last year

Myanmar’s Imports Continue to Outpace Exports in Q1.

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