Myanmar targets car and luxury imports in foreign-currency crunch - Nikkei Asia

Quick Summary

Foreign companies that entered Myanmar counting on domestic demand now face uncertain prospects.

For the two quarters through March, Myanmar reported exports of $8.1 billion and imports totaling $7.9 billion.

But the trade surplus was due largely to reduced capital goods purchases by foreign and domestic businesses.

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Article Details

Author / Journalist: Staff Writer

Category: InvestingFinanceAsia

Topics: Last Currency Import Goods Cars Imports Military Trade Foreign Myanmar Government

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 03:45:00

News Timezone: GMT +9:00

News Source URL: asia.nikkei.com

Language: English

Reading Time: 3 minutes read

Article Length: 517 words

Coverage Area: Japan

Availability: Desktop Web, Mobile Web

News ID: 5170

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Main Topics: InvestingFinanceAsia

Official Website: asia.nikkei.com

Update Frequency: 14 posts per day

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News Last Updated: 10h ago

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