Of the 11 major commodities Myanmar imported from April 1 to September 1 in the current 2023-2024 fiscal year, the imports of palm oil and fertilizers were valued at more than US$245 million and $329 million respectively, according to the Ministry of Agriculture, Livestock and Irrigation.
During the period, 243,874 tons of palm oil worth $245.51 million 849,670 tons of fertilizers worth $329.39 million, 153,139 tons of wheat worth $65.22 million and 636 tons of flour worth $0.16 million were imported.
In other imports, 8,141 tons of condensed milk worth $11.32 million, and 8,632 tons of evaporated milk worth $12.83 million and 4142 tons of milk powder worth $12.19 million were imported.
According to the ministerial data, 819,810 tons of fertilizers were imported from April 1 to August 31. Those imported fertilizers included 495,376 tons of nitrogen, 29,536 tons of phosphate, 27,230 tons of potassium, 257,173 tons of compound, 1,567 tons of organic, and 7518 tons of other kinds of fertilizers.
Myanmar exports agricultural products, animal products, marine products, mineral products, forest products, finished industrial goods and other products.
The country imports capital goods, raw materials, consumer goods and CMP raw materials.
The National Export Strategy is being implemented to promote exports from Myanmar, and the National Export Strategy 2020–2025 includes the production of basic foodstuffs, textiles, and clothing, industrial and electricity sector, marine products sector, forest products sector, digital products and services, support services, quality management sector, trade information, the role of service, and innovation.
From October to September in the 2020-2021 FY, Myanmar's exports amounted to $14.127 billion and $14.658 billion totaling $29.585 billion.
Similarly, imports from abroad amounted to $17.349 billion, exceeding $2.489 billion more than in the previous year.
















