Trade deficit narrows in Oct-Dec on higher exports

Myanmar reduced its trade deficit for the October-December 2018 quarter to US$833 million from $1.2 billion during the same period in 2017, according to government data. Total trade expanded to $8.1 billion during the quarter compared to $7.6 billion in 2017, with exports totaling $3.6 billion compared to imports of $4.5 billion. 

Myanmar exports items from seven major commodity groups. These include manufactured goods consisting mainly of garments, as well as agriculture produce, minerals, cattle, fisheries and forestry products. 

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