Myanmar-China bilateral trade hits over 9 bln USD in 10 months of 2015-16 FY-Exportimes Myanmar-China bilateral trade hits over 9 bln USD in 10 months of 2015-16 FY- Exportimes.com

Myanmar-China bilateral trade hits over 9 bln USD in 10 months of 2015-16 FY

Date : 2016-05-13 | From : Xinhua

The bilateral trade between Myanmar and China hit over 9.4 billion U.S.dollars in first ten months (April-Jan) of 2015-16 fiscal year, sources with Ministry of Commerce said Monday.

During the period, Myanmar mainly exports oil and gas, agricultural products to China.

The imports from China include industrial products and commodities.

According to official statistics, bilateral trade between Myanmar and China amounted to over 10 billion U.S.dollars in 2014-15 fiscal year.

Of the total, Myanmar's export to China hit 4.6 billion U.S. dollars and its import from China reached 5.6 billion dollars.

Meanwhile, according to Myanmar official statistics, China's investment in Myanmar amounted to 15.418 billion U.S.dollars in 115 projects, accounting for 26.07 percent of the total as of December 2015 since Myanmar opened to such investment in late 1988 and standing first in Myanmar's foreign investment line-up.

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