Thursday, 22 May 2014

Myanmar’s exports drop by US$170 mln

Myanmar's export value has dropped by US$ 170 million compared to the same period last year, according to the Ministry of Commerce and Trade.

The country's total exports reached just US$ 564.22 million between April 1 and May 9.

The export of industrial goods topped among various categories of other export products such as agricultural goods, marine products, animal products, timber and metals.

Industrial goods, which include natural gas and garments, represented US$ 291 million out of the total export figure of US$ 560 million.

Myanmar’s foreign exports depend highly on natural resources, such as gas, teak and goods from agriculture and fishery.

The government is currently drafting the national export strategy to enhance Myanmar’s burgeoning export sector.

Border trade plays an important part in export sector. Myanmar exports to neighbouring China, Thailand, Bangladesh and India. The government also launched the individual trading card system to encourage border trade.

source: Eleven Myanmar
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