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April 02, 2020

Agricultural exports decrease slightly this FY

A farmer walks past the harvester in a paddy field in Kangyidauk, Ayeyawady Region. Photo : Phoe Khwar

Myanmar exported agricultural goods worth US$204.5 million this April, recording a slight decrease in value by $10.9 million than last April, according to the latest report of the commerce ministry.
Last April, agricultural exports were worth $215.5 million.
Myanmar’s major agricultural exports include beans and pulses, rice, melons, mangoes, coffee beans, avocado and other fruits and vegetables, as well as herbal plants and other marketable items.
Over the first 27 days of the current transitional financial period, the country sold domestically-produced goods such as agricultural goods, animal products, aquaculture products, minerals, forest products, manufactured goods and other miscellaneous items, earning $784.6 million, registering an increase in value by $150 million as against the same period last year.
Myanmar conducts trade with ASEAN member countries, East Asian nations, some European states and African states, mainly through sea routes.
Despite an increase in the value of exports, Myanmar is facing a yearly trade deficit because the country’s imports exceed its exports. The government is making sustained efforts to boost the country’s exports in each sector, as part of its economic development plan.

 

Swe Nyein

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