Myanmar earned USD $ 469 million from export sector when compared to the same period of last fiscal year

Myanmar earned US$2.625 billion from October 1 to June 28 in this fiscal year and it is US$469 million more compared with the same period in last fiscal year, according to Ministry of Commerce.

Myanmar is exporting its products through maritime and border trades.

Although maritime export is reduced a little in this fiscal year, total export volume is bigger than last fiscal year as border trade amount is increased.

Myanmar earned US$18.249 billion from maritime trade and it is less than US$805 million compared with the same period in last fiscal year.

Myanmar earned over US$8 billion from border trade and it is more than US$1.274 billion compared with the same period in last fiscal year.

At present, Myanmar is mainly exporting farming products, animal products, fishery products, forestry products, mining products, products manufactured by CMP system and other products.

Myanmar earned US$2.55 billion from farming products, US$310 million from animal products and US$600 million from fishery products within nine months of this fiscal year.

Forestry and mining products are restricted as they are natural resources. The export volume from these products has declined compared with the export amount in recent years.

Myanmar is expecting to earn US$31.1 billion in total: US$15.3 billion from export sector and US$15.8 billion from import sector.

(Eleven Media Group: https://elevenmyanmar.com/news/myanmar-earns-us469-m-more-from-export-sector )

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