Business / Economy

Myanmar-China bilateral trade hits over $9b in 10 months of 2015-16 FY

(Xinhua) Updated: 2016-02-16 09:50

YANGON - The bilateral trade between Myanmar and China hit over $9.4 billion in first ten months (April-Jan) of 2015-16 fiscal year, sources with Ministry of Commerce said Monday.

During the period, Myanmar mainly exports oil and gas, agricultural products to China.

The imports from China include industrial products and commodities.

According to official statistics, bilateral trade between Myanmar and China amounted to over $10 billion in 2014-15 fiscal year.

Of the total, Myanmar's export to China hit $4.6 billion and its import from China reached $5.6 billion.

Meanwhile, according to Myanmar official statistics, China's investment in Myanmar amounted to $15.42 billion in 115 projects, accounting for 26.07 percent of the total as of December 2015 since Myanmar opened to such investment in late 1988 and standing first in Myanmar's foreign investment line-up.

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