Statistics released by the Trade Policy Division of the Department of Trade under the Ministry of Commerce revealed that the garment and natural gas sectors generated the highest export earnings between 1 April 2023 and 5 January 2024 of the 2023-24 financial year.
As of 5 January 2024, Myanmar has earned US$10.918 billion from exports during this financial year. Breaking down the details, garment exports stand as the highest earner with $3.308 billion, followed by natural gas exports with $2.543 billion.
Daw Cho Thet Mu, Deputy Director of the Trade Policy Division of the Department of Trade, stated, “Garments and natural gas exports are the primary contributors to Myanmar’s export sectors. In the first nine months of this financial year, $5.851 billion was generated from garments and natural gas exports, representing over half of the total earnings from all exports. Other significant contributors include black gram exports at $540 million, rice and broken rice exports at $490 million, corn exports at $380 million, fish exports at $260 million, green gram at $210 million, raw rubber exports at $150 million, pigeon pea at $110 million, and tissue-cultured banana exports at $90 million”.
The top ten export items that have generated the most income within the first nine months include garments (finished products), natural gas, black gram, rice and broken rice, corn, fish, green gram, raw rubber, pigeon pea, and tissue-cultured banana.
The report further indicates that, during this financial year’s mentioned period, Myanmar’s top ten countries primarily exported were Thailand, China, Japan, India, the United States, Germany, Poland, Spain, South Korea, and Italy. — ASH/TMT
