Myanmar earned over USD $ 360 million from exporting animal products in 2018 – 2019 fiscal year

Myanmar earned more than US$360 million from exporting animal products in 2018-2019 fiscal year exceeding over US$130 million compared to 2017-2018 FY, according to figures from the ministry of commerce. 

From October 1, 2018 to September 30, 2019 in the previous 2018-2019 financial year, US$366.322 million was earned from export of animal products. But, the earnings in the 2017-2018 fiscal year amounted to US$231.490 million, causing an increase of US$134.831 million. 

Myanmar mainly exports agricultural products, animal products, marine products, forest products, mineral products, finished industrial goods (CMP) and others. 

Export earnings were expected to reach US$15.3 billion in the previous fiscal year. But the amount increased to nearly US$17 billion, exceeding US$473.218 million compared to the year before. 

In 2018-2019 FY, foreign trade value reached over US$34.97 billion exceeding the target of over US$31 billion. However, trade deficit hit over US$1.39 billion, according to the ministry sources.     

(Eleven Media Group: https://elevenmyanmar.com/news/over-360m-earned-from-animal-product-exports-in-2018-2019-fy )

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