Myanmar posts trade surplus

Yangon, Aug 16 (IANS) Myanmar posted a trade surplus of $8.65 million in July, official media quoted the Central Statistical Organisation as saying Friday.

With a total foreign trade of $1.586 billion, Myanmar's export amounted to $797.78 million, while its import stood at $789.13 million during the month, reported Xinhua.

However, in the first four months (April-July) of the 2013-14 fiscal year, Myanmar's foreign trade totalled $6.5 billion, of which export stood at $2.964 billion, while import represented $3.536 billion.

In the 2012-13 fiscal year, Myanmar's foreign trade totalled $18.421 billion, up by over $250 million, or 1.4 percent compared with $18.17 billion in the previous fiscal year. Of the total, export valued at $9.08 billion, while import stood at $9.341 billion.

Export items include natural gas, jade, beans and pulses, rice, fish, rubber and teak, while import items include oil and gas, auto spare parts, iron and steel, palm oil, pharmaceutical products, plastics, fertiliser, cement and electronic equipment.

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