Export of manufactured goods increases slightly

Worker select fishes at the Nyaungtan Jetty in Yangon.  PHOTO: GNLM/PHOE KHWAR
Worker select fishes at the Nyaungtan Jetty in Yangon.  PHOTO: GNLM/PHOE KHWAR

The export of manufactured goods over the first 13 days of this transitional fiscal year (FY) reached US$158 million, a slight increase of $9.7 million compared with the same period last year, the Ministry of Commerce reported.
The total export value of manufactured goods between 1 and 13 April comprised $15.540 million by the public sector, plus $142.815 million conducted by private exporters. When compared with the last FY, the private sector’s export of manufactured products increased by $15.021 million, while exports from the public sector decreased by more than $5 million.
During the same time last year, overseas importers bought a wide range of manufactured products from Myanmar valued at $148.612 million.
According to the ministry’s latest figures, the country earned $28.601 million from the export sector, including $120 million from agro products, $8.429 million from animal products, $25.754 million from marine products, some $23.849 billion from minerals, $10.149 million from forest products and $50.730 million from miscellaneous products. Although the value of exports increases each year, the country’s import value is always greater than its export value. The current import value from all sectors topped $674 million. — Khine Khant

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