Export of forest products by private sector drops by half

Wood-based products being displayed at the 4th Myanmar International Furniture Expo.  Photo: Myint Maung Soe
Wood-based products being displayed at the 4th Myanmar International Furniture Expo.  Photo: Myint Maung Soe

The export value of forest products by the private sector in the current fiscal year (FY) dropped to US$11.3 million compared with the $22.6 million earned in the same period last year, according to the commerce ministry.
Between 1 and 20 April this year, the country exported a wide range of forest products, including bamboos and other non-wood products, earning $12.953 million, of which $1.64 million was from the private sector.
The total export value of forest products from the two sectors in the 2017-2018 FY was $211.071 million, decreasing by $35.9 million compared with the previous FY.
According to the ministry, Myanmar’s total bilateral exports with overseas traders reached $588 million, including $36.515 million via the government sector and $552.155 million through the private sector.
Myanmar continues to export locally-produced bamboos and bamboo-based products mainly to Bangladesh, Pakistan, South Korea and Singapore.
The country exported agro products worth nearly $156 million, animal products worth $12 million, marine products worth $37 million, minerals worth $36 million, manufactured goods worth $267 billion and other products worth $64 million.—Khine Khant

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