Bilateral trade with the Netherlands exceeds $61 million in two months

Source : The Global New Light of Myanmar
View Count : 479
Jul 09, 2018

THE value of trade between Myanmar and the Netherlands reached US$61.98 million in the first two months of the six-month period (April to September) prior to the 2018- 2019 fiscal year, while exports outdid imports in Myanmar’s bilateral trade with the Netherlands, according to figures of the commerce ministry.
        Exports are worth $57.25 million, while imports from the Netherlands are valued at $4.73 million.
        Myanmar exports agro products such as oil seeds and vegetable oil and men’s and women’s shirts, parasols (traditional Pathein umbrellas), and fishery products, while dairy products, consumer goods and raw industrial materials are imported from the Netherlands.
        Bilateral trade was registered at $211.57 million in the 2017-2018 FY, $141million in the 2016-2017 FY, $61 million in the 2015-16 FY, $42 million in the 2014-2015 FY, $26 million in the 2013-2014 FY, $9 million in the 2012-2013 FY and $23 million in the 2011-2012 FY.
        The Netherlands is listed among the top ten investor countries in Myanmar. A capital of $1.5 billion was brought into the country since the 1988-1989 FY, according to the statistics of the Directorate of Investment and Company Administration. Multinational corporations headquartered in the Netherlands— Shell, Unilever and Phillips— are also doing business in Myanmar.

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