June 06, 2017

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Exports increase with agriculture accounting for 31 per cent of total

A farmer works on a field as harvesting paddy in Kangyidauk,
Ayeyawady Region.

Exports increased US$270 million so far this fiscal year, compared to the same period during the previous year, according to the Commerce Ministry.
Exports as of 26 May were valued at $1.7 billion, of that total agricultural exports accounted for $520 million or 31 per cent of all exports so far this fiscal year. Agricultural products comprise Myanmar’s leading export after finished industrial goods, which were valued at US$675 million this fiscal year.
Exports by sea were estimated to be worth $386 million. Meanwhile land port shipments were $117 million less than that of last fiscal year.
Natural gas, garment products, rice, mung bean, minerals, green grams, various fish, crude oil, corn and pigeon peas comprise Myanmar’s main export items.
Nearly 400,000 tonnes of rice worth $118 million were exported to 30 nations this fiscal year. About 8,000 tonnes of crude oil shipped from Myanmar in the last two months, comprising a $23 million increase compared to the same period last fiscal year.
And corn exports were worth $22 million more than that of last fiscal year during the same period.

 

Htet Myat

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