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November 19, 2019

Myanmar earns over $3 billion in exports in current FY

Wood-based products being displayed at the 4th Myanmar International Furniture Expo.  Photo: Myint Maung Soe

MYANAMR earned US$3.024 billion from the export of domestic products to international countries between 1 April and 15 June of the six-month interim period which began April 1, according to the Ministry of Commerce.
The country exported six major groups of commodities to its trade partners, including agricultural products and animal products, fisheries, minerals, forest products and manufactured goods.
During the period between 1 April and 15 June, Myanmar earned $2.82 billion from the sale of six major groups of export products, an increase of over $630 million against the same period last FY. It also received $304 million in exports of other miscellaneous products which decreased in value by $91 million from the previous FY.
The ministry’s data indicated that this year saw a decline in export values of agricultural products, forest and miscellaneous products. Over the first 76 days of this FY, the public sector exported $708 million worth of goods, which was a decline in value of $11.654 million against last FY. However, exports by the private sector went up by over $550 million.

Khine Khant

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