Mineral exports down $635.8 mln in current fiscal

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Rough ruby gemstones. Mineral exports exceeded US$ 1.7 billion compared with last FY. Photo: MNA
Photo shows ruby stones. Mineral exports decrease over US$ 71.5 million compared with the same period last year. Photo: MNA
Photo shows ruby stones. Photo: MNA

Myanmar’s mineral exports were registered at US$1.38 billion between 1 October, 2018 and 13 September, 2019 in the current financial year, according to data provided by the Ministry of Commerce.
The figure shows a decrease of $635.8 million compared with $2 billion recorded in the year-ago period.
Of the seven export groups, shipments of agriculture, livestock, fishery, and finished industrial goods have shown an increase, while the exports of minerals, forest products, and other goods have declined. The extraction of natural resources is limited and thus, exports of forest products and mineral have dropped significantly this year.
Exports were valued at $3.13 billion for agro products, $354.7 million for livestock, $695.7 million for fishery products, $1.38 billion for minerals, $166.39 million for forest products, $9.48 billion for manufactured goods, and $749.8 million for other goods.
The country’s export sector relies more on the agriculture and manufacturing sectors. While export earnings from the CMP (cut, make, and pack) garment businesses are rising, the country’s reliance on natural resources such as natural gas and jade is lessening. —GNLM/Translated by Ei Myat Mon

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