According to the Ministry of Commerce, Myanmar’s agricultural exports have generated over US$1.98 billion in the past eight months.
However, the statistics from 1 April to 24 November indicate a decline of $286 million compared to the earnings of $2.26 billion during the same period last year. Exporters attribute this decrease to the escalating commodity prices within the country.
The country’s exports encompass agricultural produce, animal products, marine products, minerals, forest products, finished products on a cut-make-pack (CMP) basis, and other commodities. Myanmar chiefly imports capital goods, raw materials, consumer goods, and materials for CMP businesses. Agricultural produce mainly comprises rice, broken rice, beans and pulses, fruits and vegetables, sesame, dried tea leaves, sugar, and other farm goods. The primary buyers are China, Singapore, Malaysia, the Philippines, Bangladesh, India, Indonesia, and Sri Lanka. — TWA/NT
