Myanmar's foreign trade nears 2 bil

[dawnstar@xxxxxxxxxxxxx]

Subject: Re: Myanmar's foreign trade nears 2 billion dollars

David Arnott, its ok, anyone can make a mistake, but it proves my point.
brillant! have fun with your favorite economist.but try to spare the
rest of us who dont find it amusing. ds


David Arnott wrote:
> 
> 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
> >
> >
> >
> >Internet ProLink PC User
> >
> >
> >______________________________________________________________________
> >To unsubscribe, write to myanmar-unsubscribe@xxxxxxxxxxx
> >Start Your Own FREE Email List at http://www.listbot.com/
> 
> Internet ProLink PC User