The export value from the manufacturing sector crossed US$8.8 billion in the financial year 2023-2024, indicating a drop of $2.09 billion compared with that of the FY 2022-2023, the Ministry of Commerce’s statistics showed.
The finished industrial goods export amounted to $10.9 billion in the FY 2022-2023.
By two modes of transport (sea and land border), Myanmar delivers manufacturing goods to foreign markets.
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
Manufacturing sector exports surpass US$8.8 bln in FY2023-2024
- April 10, 2024
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