Myanmar’s export to foreign countries exceeded USD$7.64 billion in mini-budget period from 1 April to 14 September 2018 which is up $ 1.6 billion when compared to the same period of last fiscal year

Myanmar’s exports to foreign countries reached US$7.64 billion between 1 April and 14 September of mini-budget period, showing an increase of $1.6 billion compared to last fiscal year, according to the Ministry of Commerce, state media reported.

As of mid-September, the figure is up by $1.6 billion compared with $6 billion in the similar period of last year. Of the seven export groups, agriculture and forestry sectors showed a decline in exports, while exports of livestock, fishery, minerals, finished industrial goods and other export groups increased. Export values were registered at $1.9 billion for agro products, $160 million for livestock, $266 million for fishery products, $879 million for minerals, $86.3 million for forestry products, $4 billion for manufactured goods and $1 billion for other goods.

The country’s exports not only depend on natural resources and the agro industry, but also on fishery exports and the Cutting, Making, Packing (CMP) garment exports.

(Mizzima: http://www.mizzima.com/business-domestic/exports-reach-764-billion )

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