Myanmar posts trade surplus in July

Myanmar posted a trade surplus of 8. 65 million U.S. dollars in July, the fourth month of the fiscal year 2013-14 (April-March), official media quoted the Central Statistical Organization as reporting Friday. With a total foreign trade of 1.586 billion dollars, Myanmar's export amounted to 797.78 million dollars, while its import stood 789.13 million dollars during the month. The export and import included those done through normal and border trade. However, in the first four months (April-July) of 2013-14 fiscal year, Myanmar's foreign trade totalled 6.5 billion dollars, of which export took 2.964 billion dollars, while import represented 3.536 billion dollars, which amounted to a trade deficit of 572 million dollars. In the fiscal year 2012-13, Myanmar's foreign trade totalled 18. 421 billion U.S.dollars, up over 250 million dollars, or 1.4 percent compared with 18.17 billion dollars in the previous fiscal year. Of the total, export took 9.08 billion dollars, while import represented 9.341 billion dollars. Export items include natural gas, jade, beans and pulses, rice, fish, rubber and teak while import items include oil and gas, auto spare parts, iron and steel, palm oil, pharmaceutical products, plastics, fertilizer, cement and electronic equipment.