Manufacturing exports surpass US$900 mln by 24 May

Exports from the manufacturing sector amounted to over US$966.588 million as of 24 May in the current financial year 2024-2025 beginning 1 April 2024, indicating a sharp drop of $134.655 million compared with that of the FY 2023-2024, the Ministry of Commerce’s statistics showed.
The finished industrial goods export reached $1.1 billion in the corresponding period last FY 2023-2024. By two transport modes (sea and land borders), Myanmar delivers manufacturing goods to foreign markets. 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 for CMP garment factories, and consumer goods.
Myanmar has been implementing the National Export Strategy (NES) 2020-2025 in order 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/EM