Myanmar trade deficit rises | Bangkok Post: business

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Myanmar trade deficit rises

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YANGON - Myanmar's quarterly trade deficit reached over US$1.4 billion (45.5 billion baht), as the economy continues to open up to foreign investment, the government said Wednesday. 

The value of exports — including oil, gas and timber — during April-June was more than $2.2 billion, but $3.6 billion was spent on imports, the Central Statistical Organisation said.

"Due to the decrease in exports of timber, fisheries and mineral products, Myanmar is likely to suffer a trade deficit for the whole year," said Maung Maung Lay, vice chairman of the Union of Myanmar Federation of Chambers of Commerce and Industry.

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