The export value from the manufacturing sector crossed US$6.8 billion in the past nine months of the current financial year 2023-2024, the Ministry of Commerce’s statistics showed.
Industrial finished goods exports earned $8.569 billion in the corresponding FY period. The figures reflected a significant drop of $1.7 billion this FY compared to the year-ago period.
Myanmar exports agricultural produce, 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
