Myanmar's total foreign trade volume in the 2007-08 fiscal year which ended in March stood 8.851 billion U.S. dollars, a new high against 2006-07's 8.1 billion U.S. dollars, the State Customs Department said in its latest statistics.
Of the total, the exports took 6.043 billion dollars, while the imports accounted for 2.818 billion dollars registering a trade surplus of 3.225 billion dollars.
Such trade surplus has been gained since 2002-03, before which the country suffered a trade deficit for many years.
The apparent increase of Myanmar's foreign trade in 2007-08 was attributed to the export of natural gas which topped the country's exports during the year, followed by agricultural produces (1.14 billion dollars), gem products (647.53 million dollars), forest products (578.57 million) and marine products (365.82 million).
In the country's imports line-up in the fiscal year, fuel led with 374.06 million dollars, followed by raw textile products (278.16 million), machinery and spare parts (253.79 million), palm oil (211.01 million) motor vehicles ( 209.8 million), iron and steel (175.68 million), plastic products ( 137.15 million), pharmaceutical products (113.72 million) and food and beverage (111.07 million).
Myanmar's foreign trade is mainly with Asian countries which account for 90 percent of the total. The trade with other member countries of the Association of Southeast Asian Nations (ASEAN) represents 51.3 percent. The remaining are with European countries with 4.8 percent and American countries 1.5 percent.
Myanmar's main export goods are agricultural, marine and forestry products, while its key import goods are machinery, crudeoil, edible oil, pharmaceutical products, cement, fertilizer and consumers goods.
Source: Xinhua
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