Myanmar's foreign trade nears 2 bil

[darnott@xxxxxxxxxxx]

I WOULD LIKE TO APOLOGISE FOR ANY CONFUSION AND THANK FINANCIAL CONSULTANT
SUE HUANG FOR POINTING OUT MY SLIP OF THE KEYBOARD (see "re: economic
mystery") WHEN I SAID "to regularly export about twice what it  imports" --
WHAT I MEANT WAS, OF COURSE, THE OPPOSITE, .AS THE REST OF MY POSTING MAKES
CLEAR.

David Arnott

At 12:53 PM 10/12/99 +0200, David Arnott wrote:
>Myanmar Information - http://www.myanmar.com/
>
>Myanmar's foreign trade nears 2 billion dollars 
> 
>Rangoon, Xinhua, 12 October 1999.  Myanmar's foreign trade, including the
>border trade, totaled some 1.9 billion U.S. Dollars in the first six months
>of this year, a 0.27-percent drop over the same period of last year,
>according to the Central Statistical Organization. Of the total trade
>volume, imports were 1.26 billion dollars while exports stood at 628.2
>million dollars, producing a trade deficit of 636.4 million dollars, the
>Organization said in its latest data. During the six-month period, the
>import value of capital goods, consumers goods and intermediate goods
>accounted for 49.88 percent, 38.87 percent and 11.25 percent of the total
>imports respectively, the statistics show. Myanmar's main export goods are
>agricultural, marine and wood products. The
>figures also indicate that during the period, the import value of the
>private sector amounted to 879.93
>million dollars, making up 69.58 percent of the total import while its
>export value was 468.18 million
>dollars, 74.52 percent of the total exports. The import and export value of
>the government sector during
>the period accounted for only 30.42 percent and 25.48 percent respectively. 
>
>
>DAVID ARNOTT'S REQUEST:
>
>Could someone with more economic analytical skills than I have, explain to
>us how it is possible for a country to regularly export about twice what it
>imports. This has been a pattern for several years, if one is to believe
>the Economist Intelligence Unit's figures, according to which, except for
>from 1994/95, exports have fallen annually as a proportion of total trade.
>The Xinhua figures, from the same source as EIU, indicate a slight rise in
>1999,  but these figures are only for the first 6 months. There couldn't be
>hidden exports, could there?
>
>
>Year		Total exports 		Total imports		Exports as % of total trade
>                        (million Kyat)		(million Kyat										
>1993/94    	4,227.8  		7,923.3 			34.794
>1994/95  	5,405.2 		8,332.3				39.339
>1995/96  	5,032.7 		10,301.6			32.819
>1996/97  	5,487.7 		11,778.8 			31.786
>1997/98  	6,290.0 		13,860.2			31.220
>
>(Source Economist Intelligence Unit,  "Myanmar (Burma) Country Profile
>1998-99" -- which cites its sources as the [Government of Myanmar's]
>Central Statistical Organisation "Selected Monthly Economic Indicators")
>
>		million US$ 		million US$
>1999*	628.2 			1260				33.333
>
>*1st 6 months. 
>
>Source,  Xinhua 12 October 1999, citing the  [Government of Myanmar]
>Central Statistical Organisation 
>
>
>
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