Myanmar’s trade plunges 20 per cent due to Covid-19 and ‘political changes’

India-Myanmar border area near Tamu. Traders in the area say the Indian authorities ordered border gates in the area closed on March 9. Photo - Supplied. Sketched by the Pan Pacific Agency.

YANGON, Jul 1, 2021, Nikkei Asia. State-owned newspaper Global New Light of Myanmar reports that trade plunged to $21.48 billion between Oct. 1 and June 18 from $27 billion the previous year, Nikkei Asia reported.

The 20% drop was led by a 25% decline in the country’s maritime trade, in which exports slumped 18% and imports 30%. The report says all trade “dropped amid the coronavirus impacts and political changes.”

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