Myanmar earns over 9.41 bln USD from manufacturing exports in over 11 months of FY 2019-20

September 25, 2020

Myanmar earned over 9.41 billion U.S. dollars from the export of finished industrial goods in over 11 months of present fiscal year (FY) 2019-2020 which started in October, according to figures released by the Commerce Ministry Thursday.

As of Sept. 11 of this FY, the finished industrial goods or manufacturing goods sector topped the list with the most export value, following by agriculture and mineral sectors among other exports.

This FY's figures decreased by over 108 million U.S. dollars, compared to the same period of last FY 2018-2019 when it registered over 9.51 billion U.S. dollars.

During the period, the country's export totaled over 16.7 billion U.S. dollars while its import shared over 18.2 billion U.S. dollars, the ministry's figures said.

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

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.