Export value over $5 bn in over three months

Export value over $5 bn in over three months
Published 21 January 2020

 

Export value has reached over US$5 billion in three and a half months of this fiscal year, exceeding over US$1 billion compared to the same period of last year, according to the figures from the Commerce Ministry. 

From October 1 to January 10 in the current 2019-2020 FY, export value reached US$5.061 billion while last year's amount was US$4.009 billion. So, this year's amount exceeded US$1.052 billion.   

Myanmar’s major export items are agro products, animal, marine, forest, mining, CMP and other products. Myanmar mainly imports capital goods, industrial raw materials, personal goods, CMP raw materials etc. 

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 2018-19 FY, the total trade value reached 34.979 billion US dollars, exceeding its target by 3.8 billion US dollars, according to the Commerce Ministry.