The export value from the manufacturing sector amounted to US$8.589 billion as of 15 March in the current financial year 2023-2024, beginning 1 April, the Ministry of Commerce’s statistics showed.
The finished industrial goods export was valued at $10.563 billion in the corresponding period last year.
Therefore, the figures reflected a drop of $1.974 billion compared to that of the year-ago period.
Myanmar exports agricultural products, livestock products, fisheries, minerals, forest products, finished industrial goods, and other goods, while it imports capital goods, intermediate goods, raw materials from CMP garment factories, and consumer goods.
Myanmar has been implementing the National Export Strategy (NES) 2020-2025 in order to bolster exports. The priority sectors of the NES comprise agricultural production, garment and apparel, industrial and electronic device, fishery business, forest product, digital manufacturing and service, logistic service, quality management, trade information service, innovation and entrepreneurship sectors. — NN/EM
Manufacturing sector exports hit over US$8.5B as of 15 March
- March 29, 2024
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