Myanmar’s exports to the Netherlands surpass imports in Q1 (Oct-Dec)

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Myanmar exports to Netherland

The value of Myanmar’s bilateral trade with the Netherlands exceeded US$100 million in the first quarter (Oct-Dec) of the current financial year (Oct 2018-Sep 2019), with exports outperformingimports, according to figures provided by the Commerce Ministry.

In Q1, exports were recorded at $92.8 million, while imports were valued at $8.79 million. Myanmar exports agro products such as oil seeds, vegetable oil, men’s and women’s shirts, parasols (traditional Pathein umbrellas), and fishery products to the Netherlands,while it imports dairy products, consumer goods, and raw industrial materials.

Bilateral trade between the countries was registered at $229.9 million in the last mini-budget period (April to September), $211.57 million in the 2017-2018FY, $141 million in the 2016-2017FY, $61 million in the 2015-2016FY, $42 million in the 2014-2015FY, $26 million in the 2013-2014FY, $9 million in the 2012-2013FY, and $23 million in the 2011-2012FY.

The Netherlands is among the top ten countries investing in Myanmar. Since the 1988- 1989FY, 19 Dutch companies have brought in a capital of $1.29 billion into the country, according to FDI data of existing enterprises provided by the Directorate of Investment and Company Administration. Multinational corporations headquartered in the Netherlands— Shell, Unilever, and Phillips— are also doing business in Myanmar.

GNLM

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