Myanmar’s mineral exports top $199 million over seven and a half months this FY

Myanmar generated an income of over US$199 million from mineral exports between 1 April and 18 November in the current financial year 2022-2023, according to the Ministry of Commerce.
The figures showed a sharp drop of $248.419 million compared to $447.667 million recorded in the same corresponding period last FY2022-2023.
Myanmar targets to achieve exports worth $15.5 billion and imports worth $14 billion in the 2022-2023 FY.
The exploration and production of minerals are commonly found in Kayah state, Taninthayi, Mandalay and Sagaing regions. The export items are gems and jewellery, gold, jade, pearl, diamond, lead, tin, tungsten, silver, copper, zinc, coal and other minerals.
The Mining Department is endeavouring to boost exports and fulfil the needs for 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. — TWA/GNLM