Myanmar eyes steady growth in foreign trade

 

Myanmar aims to achieve growth momentum in foreign trade, targeting to reach US$29.1 billion in the 2026-2027 financial year, according to the Myanmar Trade Promotion Organization (MyanTrade).

Myanmar will endeavour to achieve $15.3 billion in exports and $14.7 billion in imports in the current financial year. Furthermore, Myanmar’s foreign trade is expected to expand by about $1 billion year over year, with $30 billion in the 2027-2028 FY, $31.2 billion in the 2028-2029 FY, $32.1 billion in the 2029-2030 FY and $33 billion in the 2030-2031 FY.

Myanmar intends to reach its exports of $4.75 million and imports of $4.56 million between April and July 2026.

“We will make efforts to manage the balance of trade,” said an official of the MyanTrade.

The country sets the foreign trade target depending on the condition of exports and imports.

ASH/KK

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