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April 02, 2020

Agricultural exports up by $178 million

Farmers with woven wicker baskets on their back, harvesting rice in their field. Photo: Nay Lin
Farmers with woven wicker baskets on their back, harvesting rice in their field. Photo: Nay Lin

The export of agricultural products in the current fiscal year (FY) increased by US$178 million, compared with the same period last FY, according to the Ministry of Commerce.
The export of agricultural products last FY reached $2.281 billion, but the export of the same products this FY, from last April through this January, increased to $2.459 billion, the vast majority being exported by the private sector.
Of the seven export categories, the trade value of only the forestry sector decreased. The overall exports were estimated at $11.425 billion, an increase of $1.931 billion against last year.
According to official figures, the country exported animal products worth $31.609 million, marine products worth more than $553 million and mineral products worth more than $1.206 billion.
The export value of manufactured goods was estimated at $5.14 billion, of forest products at $181 million and of miscellaneous at $1.852 billion.
As part of its plan to promote the country’s economy, the government is putting forth sustained efforts to raise the exports in each sector.
Myanmar conducts trade with ASEAN member states, East Asian countries, some European nations and African states, mainly through sea routes.—Swe Nyein

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