The exports from the manufacturing sector topped US$1.868 billion as of 28 June of the current financial year 2024-2025 beginning 1 April 2024, indicating a sharp drop of $247.369 million compared with that of the FY 2023-2024, the Ministry of Commerce’s statistics showed.
The finished industrial goods export declined from $2.116 billion in the corresponding period last FY 2023-2024.
Myanmar ships manufacturing goods to foreign markets by two modes of transport (sea and land borders).
Myanmar exports agricultural products, livestock products, fisheries, minerals, forest products, finished industrial goods and other goods, while it imports capital goods, intermediate goods, raw materials by CMP garment factories and consumer goods.
Myanmar has been implementing the National Export Strategy (NES) 2020-2025 to bolster exports. The priority sectors of the NES comprise agricultural production, garment and apparel, industrial and electronic device, fishery business, forest product, digital manufacturing and service, logistic service, quality management, trade information service, innovation and entrepreneurship sectors. — NN/KK
