EXTERNAL trade with the Republic
of Korea in the first half
of the current six-month interim
fiscal period hit US$186.9 million,
which showed a slight decrease
in value by $1.7 million from this
time last year, the Ministry of
This year, Myanmar’s imports
outdid exports in bilateral
trade with South Korea. Between
April and June this year, Myanmar’s
export to South Korea
was worth $82.3 million, while its
import exceeded $100 million.
At the same period last year,
trade with the East Asian country
was valued at $188.6 million,
including $56.9 million in exports
and $131.8 million in imports.
Compared with the same period
last year, this year saw an
increase in the value of bilateral
exports by over $25 million.
Myanmar exports agricultural
products, including cashew
nuts, mangoes, rice, beans and
pulses, and other miscellaneous
products to South Korea.
Cosmetics, foodstuff, electronic
equipment, mobile devices and
other commodities are imported
from South Korea.
According to the ministry’s
yearly trade statistics, trade
between the two countries in
the last fiscal year 2017-2018 totalled
$798.4 million, decreasing by $76 million against the previous
2016-2017 FY’s total of $866
Trade between the two
countries reached its peak of
$1.57 billion in the 2013-2014 FY.
It decreased to $862 million in
the 2014-2015 FY and $656 million
in 2015-2016 FY.
According to a report of
the Directorate of Investment
and Company Administration,
South Korea’s investments in
Myanmar this year reached $7.8
million from two projects. Last
year, its investment in Myanmar
was worth $253.9 million.