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July 19, 2018

Export value of forest products down by over $35 million

Bamboo products being displayed for sale in a village in Yedashe Township.  Photo: Supplied

The export value of forest products at the end of the 2017-2018 financial year (FY) topped US$211 million, registering a decline of more than $35 million compared with the previous FY, the Commerce Ministry reported.
From last April through the end of this March, the country exported a wide variety of forest-based products, including bamboo and other non-wood products. The country’s total earnings from the export of forest products included some $13.657 million in the public sector and $197 million in the private sector.
The export value of forest products was $247 million in the 2016-2017 FY.
According to the ministry, Myanmar’s total bilateral exports with international traders reached $14.675 billion, including $5.05 billion via the government and $9.624 billion through the public sector.
Currently, domestically-produced bamboos and bamboo-based products are being exported mainly to Bangladesh, Pakistan, South Korea and Singapore.
This FY, the country exported agro products worth nearly $3.08 billion, animal products worth $60 million, marine products worth $697 million, minerals worth $1.779 billion, manufactured goods worth $6.794 billion and other products worth $2.05 billion.

Khine Khant

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