Myanmar logs $177 mln from mineral exports in 7 months this FY

Myanmar generated US$177 million from mineral exports between 1 April and 14 October in the current financial year (2022-2023), according to the Ministry of Commerce.
The state-run business exported minerals worth over $9 million to the external market, while the private sector recorded $168 million from mineral exports, the Trade Department’s statistics indicated. They are gems and jewellery, gold, jade, pearl, diamond, lead, tin, tungsten, silver, copper, zinc, charcoal and other minerals.
The Trade Department is endeavouring to boost exports and fulfil the needs of the raw materials for the manufacturing sector. It is focusing on ramping up the production of the necessary raw minerals to set up large enterprises for the economic development of the State in the long term and exploration of the important minerals.
Myanmar’s mineral export was down by $28.2 million in the State sector and $163.6 million in the private sector compared to the figures recorded in the corresponding period of the 2021-2022 mini-budget period. The exploration and production of minerals are commonly found in Kayah State, Taninthayi, Mandalay and Sagaing regions. – TWA/GNLM