Myanmar earns over 7.93 bln USD from manufacturing exports in first 10 months of FY 2019-20

August 13, 2020

Myanmar earned over 7.93 billion U.S. dollars from the export of finished industrial goods in first 10 months of present fiscal year (FY) 2019-2020 which started in October, according to figures released by the Commerce Ministry on Wednesday.

As of July 31 of this FY, the finished industrial goods or manufacturing goods sector topped the list with the most export value, followed by agriculture and mineral sectors among other exports.

This FY's figures decreased by over 263 million U.S. dollars, compared to the same period of last FY 2018-2019 when it fetched over 8.19 billion U.S. dollars.

Myanmar mainly exports agricultural products, animal products, marine products, minerals, forest products, manufacturing goods and others to foreign trade partner countries.

During the period, the country's export totaled over 14.6 billion U.S. dollars while its import shared over 16.3 billion U.S. dollars, the ministry's figures said.

About 80 percent of the country's external trade is done through sea-borne trade and its border trade is being conducted through 17 border gates with neighbouring countries.