Myanmar-Singapore trade reaches 3.8 bln USD in FY 2017-18

By：Xinhua Net Update：2018-05-29

YANGON, May 27 (Xinhua) -- Trade between Myanmar and Singapore reached 3.8 billion U.S. dollars in the 2017-18 fiscal year which ended in March, up 833 million dollars or 28 percent from the 2016-17 fiscal year, according to statistics of the Commerce Ministry Sunday.

Of the total, Myanmar's import from Singapore amounted to 3.1 billion U.S. dollars, an increase of 590 million dollars from 2016-17, while its export to Singapore took 753.5 million dollars, up 280.7 million dollars against the previous fiscal year.

Myanmar-Singapore bilateral trade was 3.696 billion U.S. dollars in 2015-16. It reached its peak of 4.895 billion dollars in 2014-15.

Myanmar exports to Singapore agricultural products, footwear, textile and clothing, minerals and animal products, while it imports from Singapore food, rubber and plastics, fuel, capital goods, intermediate goods, consumer products, metals and chemicals.