Foreign trade targeted to achieve US$33B in FY2024-2025

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Loading and unloading containers are seen at Yangon Port along the Yangon River.

The Ministry of Commerce aims to achieve a foreign trade target of US$33 billion for the current financial year 2024-2025, comprising exports worth $16.7 billion and imports valued at $16.3 billion.
The departments and institutions concerned will exert concerted efforts to meet the trade target.
The value of Myanmar’s foreign trade has reached over US$3.5 billion as of 17 May in the current financial year 2024-2025, beginning 1 April, comprising exports worth $1.76 billion and imports valued at $1.77 billion, the Ministry of Commerce’s data showed.
The seaborne trade totalled $2.85 billion, whereas the border trade value hit $684.56 million. The total trade balance was $3.116 billion in the year-ago period.
Myanmar 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 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

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