MYANMAR’s external trade grew to over US$8.5 billion in the Q1 (April to June) of the current Financial Year 2023-2024, according to the Ministry of Commerce.
Myanmar’s export was worth over $3.84 billion whereas the country’s import was valued at $4.67 billion in the past three months.
Myanmar’s seaborne trade value crossed over $5.76 billion this FY, while border trade was valued at $2.75 billion.
The trade figure in the past three months increased from $8.41 billion recorded in the 2023-2024 financial year, indicating an increase of over $102 million, compared with the 2022-2023 financial year.
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 National Export Strategy (NES) 2020-2025 to boost exports and the priority sectors of the NES include agricultural production, garment and apparel, industrial and electronic device, fishery business, forest products, digital manufacturing and service, logistic service, quality management, trade information service, innovation and entrepreneurship sectors. — NN/EM
