Myanmar garment industry draws intense interest from Euro markets

The chairperson of the Myanmar Garment Manufacturers Association (MGMA) has reported that the European market, particularly Italy, Spain, the United Kingdom, and Germany, has shown significant interest in Myanmar garments.
MGMA Chair U Myint Soe highlighted this during a product exhibition held in France. He stated, “Italy and Spain have shown very high interest in Myanmar garment products. Following them, the UK and Germany also demonstrate some interest to a certain extent.”
Currently, some brands are withdrawing their companies from the Myanmar garment industry. However, other small brand companies continue to receive orders.
Exports of CMP garments contribute the most to foreign currency earnings in the country’s export sector. Within nine and a half months of this financial year, a total of US$3.38 billion was generated from the CMP industry. CMP products rank first in Myanmar’s export sector, followed by natural gas. For the import sector, petroleum products rank first, with textiles and fabric ranking second. — ASH/ TMT

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