The export value from the manufacturing sector crossed US$6.185 billion in the past eight months of the current financial year 2023-2024, beginning 1 April, the Ministry of Commerce’s statistics showed.
Industrial goods exports earned $7.8 billion in the corresponding period last FY. The figures showed a drop of $1.6 billion this FY compared to the year-ago period.
Myanmar exports agricultural products, livestock products, fisheries, minerals, forest products, finished industrial goods and other goods. At the same time, it imports capital goods, intermediate goods, raw materials for CMP garment factories and consumer goods.
Myanmar has implemented the National Export Strategy (NES) 2020-2025 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
