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November 13, 2019

Agro exports increase by almost 9% as of 19 April

Merchants gather at the onion wholesale market in Pakoku. Photo : Shwe Myint Oo(Shwepyithar)

Myanmar’s export of agricultural products as of 19 April in the current 2018-2019 Financial Year has touched nearly US$1.9 billion, up by $140 million or almost 9 per cent, from the corresponding period last FY, according to the Ministry of Commerce.
At this time last year, the country’s export of agriculture commodities was pegged at $1.74 million in total.
The country saw no export of agro products from the public sector between 1 October and 19 April. During the period, only private companies could export the same to international buyers.
As an agriculture commodity-producing country, Myanmar globally sells a wide variety of agro products, involving rice, beans and pulses, onion, garlic, ginger and other kitchen crops, watermelons, mangoes, avocados, cucumbers and other profitable fruits and vegetables, rubber and other raw materials of agriculture.
During the six and a half months of this FY, the country also exported $279 million worth of animal products, $473 million worth of marine products, $786 million worth of minerals, $100 million worth of forest products, over $4.88 billion worth of manufactured goods and other miscellaneous products amounting to over $570 million. When compared with the corresponding period last FY, the country’s export sector saw an increase in value by $743 million.—Shwe Khine
(Translated by Khaing Thanda Lwin)

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