Myanmar's trade with Hong Kong rises sharply

Myanmar's trade with China's Hong Kong hit 1.7 billion U.S. dollars in the fiscal year of 2010-11 ending in March, a sharp increase of 79 percent year on year, according to Myanmar's monthly economic indicators Friday.


Of the total, Myanmar's exports to the Hong Kong Special Administrative Region amounted to 1.69 billion dollars, while its imports from the region took 4.7 million dollars.


Hong Kong stood third in Myanmar's trading partner line-up after Thailand and Chinese mainland, according to the figures.


In 2009-2010, Myanmar-Hong Kong bilateral trade was registered at 949 million dollars, with Myanmar's exports to the region at 938 million dollars and its imports from the region at 10.9 million dollars.


According to Chinese official figures, China-Myanmar bilateral trade hit 4.44 billion U.S. dollars in 2010, a 53.2-percent increase over the previous year. For the first quarter of 2011, it has broken a figure of 1.6 billion dollars, increasing by 70 percent correspondingly.
(Source:http://news.xinhuanet.com)