Manufacturing exports near US$1.5B in 2 months

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File photo shows containers being loaded and unloaded aboard container vessels at the international port of Yangon.

The exports from the manufacturing sector reached US$1.49 billion over the past two months of the current financial year 2024-2025 beginning 1 April 2024, indicating a sharp drop of $195.46 million compared with that of the FY 2023-2024, the Ministry of Commerce’s statistics showed.
The finished industrial goods export declined from $1.69 billion in the corresponding period last FY 2023-2024.
Myanmar transports manufacturing goods to foreign markets through two modes of transportation (sea and land border).
Myanmar exports agricultural products, livestock products, fisheries, minerals, forest products, finished industrial goods, and other goods, while it imports capital goods, intermediate goods, raw materials from CMP garment factories, 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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