Maritime export earnings have reached about US$880 million over two weeks of the current 2019-2020 fiscal year, exceeding over US$17 million compared to the same period of last fiscal year, according to figures from the ministry of commerce.
From October 1 to 11 this FY, Myanmar earned US$877.283 million from maritime trade while the same period of last year saw US$859.598 million.
Therefore, this year's earnings exceeded US$17.685 million.
Myanmar deals with both maritime and border trade.
Myanmar mainly exports agricultural products, animal products, marine products, forest products, mineral products, finished industrial goods (CMP) and others.
In order to reduce trade deficit and improve trade surplus, the ministry of commerce is taking measures such as adopting national export strategic plans, relaxing the procedures, encouraging the private sector, getting GSP and extending export market.
In 2018-2019 FY, the total export value was expected to hit US$15.3 billion. When the financial year ended, export value reached nearly US$17 billion exceeding US$473.218 million compared to the year before.
