Myanmar-ASEAN trade remains healthy

06 June 2020
Myanmar-ASEAN trade remains healthy
Ferry boats loading passengers pass near an industrial port at the Yangon river in Yangon. Photo: EPA

Although trade with Indian neighbour is down 40 percent, Myanmar’s commercial exchanges with its ASEAN partners remain healthy, according to Thura Swiss June 5.

According to the latest reports from the Ministry of Commerce, the aggregated sea and land trade between Myanmar and the rest of the block, for the first half of the 2019-20 fiscal year, amounted to US$6.9 billion.

Myanmar still imports twice as much as it exports with its regional partners (US$2.14 billion exports value versus US$4.75 billion imports). 

Taken as a whole the ASEAN block is the country’s 2nd trade partner – after China. In ASEAN, Thailand stands out as the number one trading partner, followed by Singapore and Malaysia coming third.