Agricultural exports up by $171 million

A farmer walks past the harvester in a paddy field in Kangyidauk, Ayeyawady. Photo - Phoe Khwar
A farmer walks past the harvester in a paddy field in Kangyidauk, Ayeyawady. Photo – Phoe Khwar

The export of agricultural products before the end of this fiscal year (FY) increased by US$171 million, compared with the same period last FY, according to the Ministry of Commerce.
The export of agricultural products last FY reached $2.758 billion, but the export of the same products this FY, from last April to 23 March of this year, increased to $2.929 billion, the vast majority being exported by the private sector.
Among the seven export categories, the trade value of only the forestry sector decreased. The overall exports were valued at $13.848 billion, an increase of $2.49 billion, as against last year.
According to official figures, the country exported animal products worth $51.091 million, marine products worth more than $666.995 million, mineral products worth $1.701 billion, manufactured goods worth $6.297 billion, forest products worth $201 million, and miscellaneous products worth more than $2 billion.
As part of its plan to promote the country’s economy, the government is making sustained efforts to raise the exports in each sector. Myanmar conducts trade with ASEAN member states, East Asian countries, some European nations and African states, mainly via sea. —Shwe Khine

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