7 July
MYANMAR-Philippines trade reached almost US$11.7 million in the month of April, up $6 mil-lion from the year-ago period, according to the monthly trade report issued by the Ministry of Commerce.
As per the Ministry’s official statistics, exports topped $7.317 million in April, while imports were pegged at $4.363 million. In April, 2018, bilateral trade was valued at nearly $5 million, with exports of over $1 million and imports of about $4 million.
Between October and April in the current financial year, bi-lateral trade between Myanmar and the Philippines totalled $97 million, with exports of $68 mil-lion and imports crossing $29 million.
According to data from the Commerce Ministry, trade be-tween Myanmar and the Phil-ippines, one of Myanmar’s re-gional trade partners, reached $52.432 million in the 2017-2018FY, a decrease of $4 million compared with the 2016-2017FY.
The value of Myan-mar-Philippines trade stood at $28.998 million in the 2015-2016FY, $28.2 billion in the 2014-2015FY, $33.353 million in the 2013-2014FY, $44.012 million in the 2012-2013FY, and $48.959 million in the 2011-2012FY.—Swe Nyein
(Translated by Khaing Thanda Lwin)
