Agricultural export earnings cross US$1.39 bln in Q1

Myanmar’s agricultural exports totalled US$1.39 billion in the first quarter of the current financial year 2024-2025, beginning 1 April, the Ministry of Commerce’s statistics indicated.
The figures rose from $843.6 million recorded in the corresponding period last FY, showing a sharp increase of $549.426 million.
Myanmar carries out international trade through border and maritime trade channels. It exports agricultural products, animal products, minerals, forest products, and finished industrial goods, while it imports capital goods, intermediate goods, raw materials imported by the CMP enterprises and consumer goods.
Myanmar exports agricultural produce, animal products, minerals, forest products, and finished industrial goods through maritime and border trade channels. At the same time, it imports capital goods, intermediate goods, raw materials imported by the CMP enterprises and consumer goods.
Myanmar has been implementing the National Export Strategy (NES) 2020-2025 in order to boost exports. The priority sectors of the NES include 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/KK