Myanmar’s CMP export earns some US$400 mln in March, increasing by $135 mln year on year

Myanmar earned about $404 million from the garment export in March 2022 increasing by $135 million compared to the same period last year, according to the Central Statistical Organization of the Ministry of Planning and Finance.
In March 2022, the garment exports earned $403.8 million while $268 million in March 2021. This year earned $135.8 million more than the same period of the previous year.
The country earned $217.2 million from garment exports in February 2021 while $268 million in March, $238.7 million in April, $278.5 million in May, $319.3 million in June, $310.7 million in July, $424.5 million in August, $378.3 million in September, $302.9 million in October, $337.9 million in November, $414.3 million in December, and $ 410.3 million in January 2022, $360.6 million in February and $403.8 million in March.
In the 2019-2020FY, the country earned nearly $4.8 billion from garment exports and the amount decreased by more than $63 million compared to the same period, according to the ministry’s figures.
The CMP sector ranks first in the investment sector in three months of this FY. It creates job opportunities for most locals and there are 671 CMP factories/industries in the country.
The Myanmar citizens make investments in CMP such as garments, shoes, bags and wig factories and the Chinese, Korean and Japanese invest in that sector most. – TWA/GNLM