MYANMAR’s external trade plunged to US$15.98 billion in the H1 (April-September) of the current Financial Year 2023-2024 from $16.98 billion recorded in the year-ago period, indicating a decrease of over $1 billion, the Ministry of Commerce’s statistics showed.
Myanmar’s export was worth $7.58 billion whereas the country’s import was valued at $8.4 billion between 1 April and 29 September of the current FY.
Myanmar’s seaborne trade value crossed over $11.246 billion this FY, while border trade was valued at $4.7 billion in the H1.
Myanmar exports agricultural produce, animal products, minerals, forest products, and finished industrial goods, while it imports capital goods, intermediate goods, raw materials imported by the CMP enterprises and consumer goods.
Myanmar has been implementing the National Export Strategy (NES) 2020-2025 to boost exports and the priority sectors of the NES include agricultural produce, garment and apparel, industrial and electronic devices, fishery businesses, forest products, digital manufacturing and service, logistic services, quality management, trade information service, innovation and entrepreneurship sectors. — NN/EM
