From April 1 to November 30, this year, the country earned US$ 495.577 million from exports of 1450728.850 tons of rice and broken rice, according to the figures released by the Commerce Ministry.

During eight months, rice exports via the marine trade hit US$ 225.07 million while the border trade reached US$ 270.507 million.

The rice export sector earned US$ 551 million from exports of 1.423 million in 2012-2013 fiscal year, US$ 475 million from exports of 1.262 million in 2013-2014 FY, US$ 660 million from exports of 1.840 million in 2014-2015 FY, US$ 526 million from exports of 1.493 million in 2015-2016 FY and US$ 553 million from exports of 1.750 million in 2016-2017 FY.

The rice exports via the border trade camps exceed the marine trade. The rice exports via the border trade camps hit 60 per cent in 2012-2013, 72 per cent in 2013-2014, 77 per cent in 2014-2015, 81 per cent in 2015-2016, 72 per cent in 2016-2017 and 52 per cent in 2017-2018 FY.

Thanks to the market expansion in 2017-2018 FY, the total rice exports hit nearly 3.6 million tones. In 2017-2018 FY, the rice exports via sea routes accounted for 48 per cent.

During this fiscal year, the border trade accounts for 53.62 per cent and the marine trade for 46.38 per cent.

According to the main objective of the local rice sector, Myanmar is expected to fetch US$ 1.5 billion from exports of four million tons of rice in the next three years.