Export value in fiscal year 2016-2017 soared to US$11.62 billion, up from US$ 11.13 billion in the 2015-2016 fiscal year, an increase of nearly US$500million, according to statistics provided by the Commerce Ministry.
The values of exports through normal trade increased by over US$430million, whereas border trade showed only a slight increase in exports as the value of trade via Muse border trade camp, which usually attains the largest trade value out of the 16 border trade camps, significantly declined.
The country’s exports consist of products from the mineral, natural gas, agriculture and fishery sectors. Despite the drop in exports of natural gas, minerals and finished industrial goods, other export products managed to improve.
In the 2016-2017 fiscal year, export values were US$2.93 billion from agricultural products, US$10.636 million from animal products, US$581.772million from fisheries products, US$925.095million from minerals, US$ 246.849million from forest products, US$5.38 billion from finished industrial goods and US$1.53 billion from other products.