The volume of foreign trade in military-ruled Myanmar rose 10 percent from a year earlier in the year to March, despite bottlenecks at the country's ports and falls in garment exports, local media said Sunday. Minister of Commerce, Brigadier-General Tin Naing Thein, told Myanmar's Federation of Chambers of Commerce and Industry that 2004-2005 trade volume was 4.9 billion dollars, the Myanmar Times said in its edition to be published Monday. That is against the 4.5 billion dollars recorded in the 2003-2004 financial year.
"Myanmar gained a foreign trade surplus of 954 million dollars in the last fiscal year," Tin Naing Thein was quoted as saying in the semi-official weekly.
"Myanmar's exports amounted to 2.9 billion dollars last financial year while the country's imports were worth 1.9 billion dollars."
Although exports among the agriculture, forest and marine sectors increased against the previous fiscal year, overall trade volume was less than that in fiscal 2002-2003, which hit 5.3 billion dollars, the minister said.
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